4831 Dupont PkwyTownsend, DE 19734

Property Details for 4831 Dupont Pkwy

Year built

1940

Construction

CONCRETE

Lot size

3.17 AC

Property size (Sq ft)

1,875 SF

Zone code

CR

Property type

Turn key restaurants

APN

15-015.00-029

APU

1501500029

Description

This exceptional investment opportunity presents a newly constructed, 10,640 square foot Dollar General store located at 4831 Dupont Pkwy, Townsend, DE 19734. The property sits on a 3.17-acre lot and boasts a 15-year absolute NNN lease commencing March 1, 2024, and expiring March 1, 2039, with a remaining term of 14.3 years. The lease includes a 5% rent increase every five years, minimizing landlord responsibilities and ensuring consistent income growth. The tenant, Dollar General, is investment-grade rated BBB by Standard & Poor's, providing significant financial security. The property's strong location benefits from a population of over 26,300 within a 5-mile radius and an average daily traffic count of 18,930. The asking price is $2,183,950, representing a 6.40% cap rate and a price per square foot of $205.26. The property features a single-story building constructed in 2024, with a current NOI of $139,773. The lease includes three five-year renewal options, further enhancing the long-term value of this investment. This is a truly passive investment opportunity with a strong tenant and excellent location. The property is zoned commercial and is currently 100% occupied.

Location Insight

City

Townsend

County

New Castle

State

Delaware

Latitude

39.3515

Longitude

-75.6428

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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