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Chase Bank 26500 Victorias Landing Rd 3,000 SF Retail Building Millsboro, DE 19966 $2,200,000 ($733.33/SF) 5% Cap Rate
Executive Summary
Equity CRE is pleased to exclusively offer for sale a single-tenant, net leased Chase Bank branch in Millsboro, DE. Chase Bank is currently operating under a brand new 15-year lease with three (3), 5-year extension options. This is being offered on a fee simple basis and features a NNN ground lease providing an investor with extremely passive income.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
B
Year Built
2025
Price
$2,200,000
Price Per SF
$733.33
Cap Rate
5%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.69 AC
Zoning
C-1 - commercial zoning many approved uses
Parking
28 Spaces (9.33 Spaces per 1,000 SF Leased)
Frontage
182’ on Victorias Landing Road
Nearby Major Retailers
Property Taxes
| Parcel Number | 234-29.00-235.03 | Improvements Assessment | $0 |
| Land Assessment | $2,500 | Total Assessment | $2,500 |
Property Taxes
Parcel Number
234-29.00-235.03
Land Assessment
$2,500
Improvements Assessment
$0
Total Assessment
$2,500
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Chase Bank | 26500 Victorias Landing Rd
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