833 S Governors Ave - Medical FOR SALE
Dover, DE 19904 |
833 S Governors Ave
Dover, DE 19904
HIGHLIGHTS
- HUB LOCATION: The subject property functions as the hub location and largest of the practice’s 5 locations, making it a mission critical asset
- CORPORATE TENANT: ESP has operated the practice since 2014, institutionalizing management to provide a more stabilized business, creating longevity
- ABSOLUTE NNN: The property benefits from a clear absolute triple net lease, providing a completely hands-off investment for a passive investor
- HIGH PERFORMER: Out of 75 eyecare practices in the entire State of Delaware, DECC is the highest performing as measured by procedure volume
- INFLATION HEDGE: With over 10 years of remaining term and 3% annual rental increases, the property provides a stable growing stream of future income
- RECOGNIZED LEADER: DECC is a dominant eyecare practice in the State of Delaware and leverages 5 strategic locations to maintain and grow market share
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
7500
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
0.74 AC AC
LAND SF
32,234 SF
ZONING
-
APN/PARCEL ID
2-05-07717-01-5500-000,2-05-07717-01-5600-000
