634 Stanton Christiana RdNewark, DE 19713

Property Details for 634 Stanton Christiana Rd

Year built

1969

Construction

STONE

Lot size

7.50 AC

Property size (Sq ft)

8,240 SF

Zone code

I

Property type

Retail properties

Property subtype

Retail space

APN

09-011.00-067

APU

901100067

Description

This exceptional investment opportunity presents a 34,000 square foot warehouse in Newark, Delaware, currently 100% occupied by Builders FirstSource (BLDR), a leading U.S. building products supplier and S&P 500 company. The property boasts a 10-year net lease (NN) with approximately 3.3 years remaining, featuring 2% annual rent increases and two additional five-year options. The asking price is $3,324,489, representing a 6.75% cap rate and a pro-forma cap rate of 6.90%. The current Net Operating Income (NOI) is $224,403, with a pro-forma NOI of $229,499. Built in 1969, this single-tenant property sits on a substantial 7.5-acre lot, strategically located with excellent access via State Highway DE-7 (48,000 vehicles per day). The tenant's strong financial performance and long-term lease provide exceptional stability and growth potential. The property's location in Wilmington, DE, a key economic center in the Mid-Atlantic region, further enhances its value. Comparable land sales within a three-mile radius have closed between $579,000 and $1,000,000 per acre, supporting the property's significant land value. This investment offers a compelling combination of strong tenant credit, a favorable lease structure, and a prime location in a thriving market. The long-term housing tailwinds and the tenant's extensive distribution network further solidify this opportunity's attractiveness.

• CAP approach

  CAP return

  Valuation

  6%

  $5,176,672

  6.5%

  $4,778,466

  7%

  $4,437,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,403,668

  Geo Method

  $2,713,129

• Alternative Use

  Use

  Valuation

  Residential

  $4,030,815

  Hospitality

  $3,692,205

  Educational

  $3,071,871

  Medical

  $3,177,518

  Retail

  $4,778,466

Location Insight

City

Newark

County

New Castle

State

Delaware

Latitude

39.7039

Longitude

-75.6492

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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