945 Dupont Blvd Milford, DE 19963

This exceptional investment opportunity presents a net-leased Ruby Tuesday restaurant located at 945 N Dupont Blvd, Milford, DE 19963. Situated on a Walmart pad site along the bustling N. Dupont Boulevard, this property offers a strong, stable income stream. The lease, with a corporate guarantee from Ruby Tuesday, is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance (excluding roof and structure). The current lease term extends until September 13, 2027, with approximately 2.8 years remaining. The annual rent increases at 2% provide built-in protection against inflation. The property boasts a compelling 7.40% cap rate based on a Net Operating Income (NOI) of $180,930 and an asking price of $2,445,000. The lease commenced on September 14, 2012, and originally spanned 15 years. This well-located, low-maintenance investment is ideal for passive income seekers seeking a secure, high-return opportunity in a desirable Delaware location. The property's strategic placement on a busy thoroughfare, coupled with the strength of the corporate guarantor, makes this a truly attractive proposition. This is a rare chance to acquire a proven, stable, and appreciating asset in a thriving commercial area.