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Dollar General - Felton, DE 29 Sandtown Rd 10,640 SF Retail Building Felton, DE 19943 $1,885,477 ($177.21/SF) 6.50% Cap Rate
Executive Summary
5% Rent Increases Every 5 yrs
15-yr Absolute NNN Lease
Zero Landlord Responsibilities
Rent commenced October 2024
3-Five Year Options
Corporate Guaranteed by Dollar General Corporation
Investment grade rated BBB by Standard and Poor’s
41,000+ Population within 10 miles
5,700+ Vehicles per day
15-yr Absolute NNN Lease
Zero Landlord Responsibilities
Rent commenced October 2024
3-Five Year Options
Corporate Guaranteed by Dollar General Corporation
Investment grade rated BBB by Standard and Poor’s
41,000+ Population within 10 miles
5,700+ Vehicles per day
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$1,885,477
Price Per SF
$177.21
Cap Rate
6.50%
NOI
$122,556
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.46 AC
Zoning
Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dollar General
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dollar General | - | - | - | - |
Property Taxes
| Parcel Number | 8-00-12500-01-2801-000 | Improvements Assessment | $1,150,700 |
| Land Assessment | $174,100 | Total Assessment | $1,324,800 |
Property Taxes
Parcel Number
8-00-12500-01-2801-000
Land Assessment
$174,100
Improvements Assessment
$1,150,700
Total Assessment
$1,324,800
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Dollar General - Felton, DE | 29 Sandtown Rd
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