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Crooked Hammock Brewery | Middletown, DE 316 Auto Park Dr 7,300 SF Retail Building Middletown, DE 19709 $4,300,000 ($589.04/SF) 6.86% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM 20-25 YEAR ABSOLUTE TRIPLE NET (NNN) SALE LEASEBACK
- STRONG FINANCIALS
- AMAZON FULFILLMENT CENTER
- CROOKED HAMMOCK BREWERY
- STRATEGICALLY LOCATED IN DOMINANT RETAIL CORRIDOR
- EXCELLENT SITE-LEVEL VISIBILITY & ATTRACTIVE DEMOGRAPHICS
EXECUTIVE SUMMARY
CAP RATE - 6.86%
NOI - $295,000
LEASE TERM - 20-25 YEARS
INCREASES - 2% ANNUALLY
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Services
- 7,300 SF
- -
- Triple Net
- -
How did they get here? Well at some point he'd had enough, and Rich Garrahan decided to ditch his suit and tie to build his own little slice of heaven. Rich envisioned a place where his worries were left at the door. He wanted what a lot of us want at one time or another: He wanted an escape. For him, that means a big backyard with tons of yard games, plenty of homemade craft beer, and a never-ending cookout where the burgers are as good as the conversation. This beery utopia also needed to be a place our people (laid back people that take as much joy in hosting as they do in getting the most out of life) would love to work for and be proud to show off. Seven years later, they have three such slices of heaven dedicated to crafting great brews and tasty food in a spot that was made to connect and unwind.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Services | 7,300 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-040.00-005 | Improvements Assessment | $334,100 |
| Land Assessment | $114,600 | Total Assessment | $448,700 |
PROPERTY TAXES
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Crooked Hammock Brewery | Middletown, DE | 316 Auto Park Dr
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