3930 Concord Pike | Wilmington, DE 19803
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3930 Concord Pike
Wilmington, DE 19803
AutoZone | New Construction | New 20-Yr Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ?AutoZone will occupy a brand new 6,000 square foot store at this location
- ?The lease is an absolute NNN ground lease, with zero landlord responsibilities
- ?The subject property sits on Concord Pike (Route 202), which is one of the main thoroughfares through Delaware, with close to 47,000 vehicles per day
- ?Rent commenced on this new 20 year lease in May 2021
- ?Rental increases are built into the lease, occurring in year 11 of the initial term and in each option
- ?AutoZone will benefit from both the strong demographics within 3-miles of the site (over 42,000 people with average household incomes above $147,000)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,000 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.60 AC
Zoning
CN - CN Commercial Neighborhood - Lower Density/Scale Commercial Development
Parking
18 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
152’ on Concord Pike
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 06-051.00-042 | Improvements Assessment | $129,900 |
| Land Assessment | $187,300 | Total Assessment | $317,200 |
PROPERTY TAXES
Parcel Number
06-051.00-042
Land Assessment
$187,300
Improvements Assessment
$129,900
Total Assessment
$317,200
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