201 W Market St - Convenience Store FOR SALE


Wilmington, DE 19804
$3,814,800 USD
332-345-4222
201 W Market St, Wilmington, DE for Sale
$3,814,800 USD
Convenience Store - FOR SALE
1/2
null | 5% Cap Rate

201 W Market St
Wilmington, DE 19804


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Bonus Depreciation Eligible Asset
  • Proximity to Wilmington University
  • Prime Location with Strong Traffic & Demographics

OVERVIEW

Surmount is pleased to present the exclusive listing for a 7-Eleven located at 201 W Market St, Newport, DE 19950. The site consists of roughly 2,940 rentable square feet of building space on an estimated 0.48-acre parcel of land. This 7-Eleven is subject to a 15-year Triple Net (NNN) lease, which commenced 1/4/2021. The current annual rent is $190,740* and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$3,814,800 USD

PRICE/SF

$1,445 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,908 SF

ZONING

B

APN/PARCEL ID

20-001.00-091

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.