756 Little Creek RdDover, DE 19901

Property Details for 756 Little Creek Rd

Year built

1958

Lot size

2.40 AC

Property size (Sq ft)

32,836 SF

Zone code

C4

Property type

Commercial real estate

APN

2-05-077.00-01-03.00-000

APU

20507700010300000

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $16,062,602

  Hospitality

  $14,713,257

  Educational

  $12,241,257

  Medical

  $12,662,253

  Retail

  $19,041,956

Location Insight

City

Dover

County

Kent

State

Delaware

Latitude

39.1568

Longitude

-75.5077

CBSA code

20100

CBSA name

DOVER, DE METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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