302-545-8479
5298 S Dupont Hwy, Dover, DE for Sale
Freestanding - FOR SALE
1/11
null | Request Cap Rate

5298 S Dupont Hwy
Dover, DE 19901


HIGHLIGHTS

  • White Cap Corp Lease
  • Great Rt. 13 Frontage - High traffic
  • Favorable NN lease structure with landlord obligations limited to roof, structure, and parking lot.
  • High-visibility location with 400 feet of frontage on Route 13 and traffic counts of 33,000 vehicles daily.

OVERVIEW

This offering presents a 4.16-acre fee simple property along Dupont Highway (Route 13) in Dover, Delaware, featuring a longstanding corporate tenancy with White Cap Supply Holdings. The site is fully occupied under a NN lease structure, with a reliable income stream supported by a national operator. The current NOI averages approximately $191,784 over the past two years, translating into a cap rate of 6.18%, providing steady returns for investors seeking security and minimal landlord responsibility. The property benefits from over 400 feet of frontage on SR 13, a heavily trafficked corridor with an average of 33,000 vehicles per day, ensuring visibility and accessibility. Improvements total 5,827 SF, divided between office/retail, warehouse, and a small dwelling structure, offering flexibility of use within the BG (General Business) zoning. Infrastructure includes on-site well, septic, propane gas, and electric service through Delaware Electric Cooperative. Located minutes from downtown Dover and in close proximity to major employers such as Dover Air Force Base and state government offices, this property sits within a market characterized by stable population metrics and rising industrial demand. The surrounding area supports a mix of retail, service-based businesses, and residential enclaves, making this an established hub for necessity-driven commerce. White Cap Just exercised first renewal option at market rate. 2 more 5 year options remaining

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

White Cap Leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

BG

APN/PARCEL ID

7-00-11100-01-2300-000

ASK ABOUT THIS PROPERTY

Chris CastagnoLocation Realty Advisors, LLCMore Info
302-545-8479

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Chris CastagnoLocation Realty Advisors, LLCMore Info
302-545-8479

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