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Advance Auto Parts 101 Laurel Rd 6,787 SF 100% Leased Retail Building Millsboro, DE 19966 $3,600,000 ($530.43/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Advance Auto Parts – On the main thoroughfare along Dupont Blvd (Hwy 20) the dominant hard corner in Millsboro DE.
- Located in Millsboro – a growing market, supported by strong sectors in retail, healthcare, tourism, and construction.
- A plethora of national and regional retailer draws includes Food Lion, Dunkin, WAWA and many others, creating additional synergy.
- With roughly 8 years of remaining lease term Advance Auto Parts is a thriving retailer providing necessity based retail goods to the local consumer.
- Well-situated on the main thoroughfare along Dupont Blvd on dominant thoroughfare and hard corner of Millsboro.
- Affluent, growing trade area (out to 15+ miles), highlighted by an average household income of $86,607 within 10 miles of the property.
EXECUTIVE SUMMARY
Broker of Record
Chris Castagno
License # RM-0000432 (DE)
Location Realty Advisors, LLC
621 Delaware Street, Suite 100, New Castle, DE 19720
(866) 889-0550
Chris Castagno
License # RM-0000432 (DE)
Location Realty Advisors, LLC
621 Delaware Street, Suite 100, New Castle, DE 19720
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,787 SF
Building Class
C
Year Built
2010
Price
$3,600,000
Price Per SF
$530.43
Cap Rate
5.50%
NOI
$198,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.15
Lot Size
1.07 AC
Zoning
TN
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 133-17.17-18.00 | Improvements Assessment | $47,150 |
| Land Assessment | $5,350 | Total Assessment | $52,500 |
PROPERTY TAXES
Parcel Number
133-17.17-18.00
Land Assessment
$5,350
Improvements Assessment
$47,150
Total Assessment
$52,500
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Advance Auto Parts | 101 Laurel Rd
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