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NNN Leased Investment Property For Sale 3101 Concord Pike 3,652 SF 14% Leased Retail Building Wilmington, DE 19803 $1,850,000 ($506.57/SF) 8.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Traffic Counts: 47,323 AADT
- Signage: Pylon
EXECUTIVE SUMMARY
Rare hard corner NNN investment opportunity on Concord Pike! This 3,652 SF property is situated at the signalized intersection of Concord Pike and Concord Avenue. This excellent investment property features (2) tenants with NNN leases in place allowing for passive income and essentially zero Landlord obligations for years to come. Excellent visibility along one of the most desired corridors in Delaware!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,652 SF
Building Class
C
Year Built
1980
Price
$1,850,000
Price Per SF
$506.57
Cap Rate
8.67%
NOI
$160,352
Percent Leased
14%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.36 AC
Zoning
CN - Commercial Zoning that allows for most commercial uses
Parking
16 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
3,150 sf available for lease situated and the signalized intersection of Concord Pike and Concord Avenue LED Signage and Pylon Signage ADT - 45,000 cars per day Densely Populated Area with high household income
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,150 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 3,150 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 3,150 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
3,150 sf available for lease situated and the signalized intersection of Concord Pike and Concord Avenue LED Signage and Pylon Signage ADT - 45,000 cars per day Densely Populated Area with high household income
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 06-077.00-307 | Improvements Assessment | $97,100 |
| Land Assessment | $109,800 | Total Assessment | $206,900 |
PROPERTY TAXES
Parcel Number
06-077.00-307
Land Assessment
$109,800
Improvements Assessment
$97,100
Total Assessment
$206,900
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NNN Leased Investment Property For Sale | 3101 Concord Pike
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