For Sale
$5,000,000

756 Little Creek Rd Dover, DE 19901

High-Occupancy Shopping Center, Dover, DE

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 33,000-square-foot shopping center in Dover, Delaware, presents a compelling investment opportunity. Completely renovated in 2023, the property boasts a diverse tenant mix with long-term leases (3-10 years) featuring cost-of-living increases. Currently operating at 100% occupancy, the center includes a daycare, grocery store, office suite, café, and event space. The former warehouse has been thoughtfully converted into a modern retail space, featuring ample on-site parking and a high-volume sprinkler system. Situated on a 3.41-acre lot zoned C4, the center enjoys high visibility at a busy intersection with easy access to Routes 113, 13, and the Route 1 interchange, ensuring excellent accessibility throughout the state. The asking price is $5,000,000, representing a compelling $151.52 per square foot and a 6.37% cap rate. This single-story building offers a strong, stable income stream with significant upside potential. The property is offered as a Net Net Net (NNN) lease, minimizing landlord responsibilities. Approximately 27,000 square feet are currently under contract or dedicated to tenants. This is a turnkey investment ready for immediate income generation. The property's strategic location, modern amenities, and strong tenant occupancy make it an ideal addition to any investment portfolio.

Highlights

  • 33,000 SF shopping center in Dover, DE, completely renovated in 2023.
  • 100% occupancy with diverse tenant mix, long-term leases (3-10 years) including cost-of-living adjustments.
  • Features daycare, grocery, office suite, café, and event space; former warehouse converted to retail.
  • 3.41-acre lot, C4 zoning, high visibility at major intersection with easy access to Routes 113, 13, and Route 1.
  • $5,000,000 asking price ($151.52/SF), 6.37% cap rate; NNN lease.

Property Details for 756 Little Creek Rd

Property type
Lifestyle centers, Power centers
Square Feet
33,000 SF
Year Renovated
2023
Stories
1
Lot Size (sq. ft)
148,540 SF

Location Insight

City
Dover
County
Kent
State
Delaware
Latitude
39.157339673631
Longitude
-75.507624775021
756 Little Creek Rd, Dover, Delaware

FAQs

What type of property is this?
Lifestyle center - High-Occupancy Shopping Center, Dover, DE
Where is the lifestyle center located?
The property is located at 756 Little Creek Rd Dover, DE.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 33,000 SF shopping center in Dover, DE, completely renovated in 2023.; 100% occupancy with diverse tenant mix, long-term leases (3-10 years) including cost-of-living adjustments.; Features daycare, grocery, office suite, café, and event space; former warehouse converted to retail.
How can I contact the broker?
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756 Little Creek Rd
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