1402 Newport PikeWilmington, DE 19804

This exceptional investment opportunity presents a fee-simple ownership of a 9,100 square foot Dollar General store located at 1402 E Newport Pike, Wilmington, Delaware. The property sits on a 1.02-acre lot and boasts a 7.50% cap rate, generating a net operating income (NOI) of $207,055. Built in 2015, this single-story building benefits from a 100% occupancy rate under an absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced April 29, 2015, and expires April 29, 2030, with five 5-year renewal options, each including a 10% rent increase. This translates to over 5 years of remaining lease term. The property enjoys a prime location at a signalized intersection on a major commercial corridor, with excellent visibility and high traffic counts exceeding 19,300 vehicles daily. The strategic location is further enhanced by proximity to major roadways (Interstates 95, 295, and 495, US Highway 13, and DE Routes 141 and 2), other retail giants (Amazon, Target, Walmart), and a significant employment base (over 73,600 employees within 3 miles). The surrounding area's demographics are strong, with over 90,900 people within 3 miles and an average household income exceeding $91,810. This recession-resistant tenant, Dollar General, has demonstrated consistent year-over-year growth since its IPO in 2009 and plans significant expansion in 2024. The asking price is $2,760,744. This is a truly passive investment opportunity with minimal management responsibilities.