Fully Occupied Retail
681 E Chestnut Hill Rd Newark, DE
681 E Chestnut Hill Rd, Newark, DE, 00000
Contact for pricing
For Sale
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Multi-tenant retail center with stable cash flow and NNN leases.
Property Size14,000 SF
Lot Size5.88 Acres
Price / SF$396.27
Days on Market585
Property Features for 681 E Chestnut Hill Rd
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Lot size
- 5.88 Acres
- Property subtype
- RETAIL
Listing Agency
Real Capital Investments
(918) 208-1565
Listed by
Dylan O’Hara
(918) 208-1565
Source
Moodyscre
Added: Dec 11, 2024 Checked: Jul 19 at 2:40 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Capital Investments
Investment Insights
Based on property information with market context.
This fully occupied multi-tenant retail center offers a stable cash flow asset with zero landlord responsibilities due to NNN leases. The property features multiple options to renew, with rental increases throughout the initial terms and option periods, providing a strong hedge against inflation. Anchored by 7-Eleven, a globally diversified tenant and leader in the convenience store and gas station industry with over 78,000 locations in 19 countries, it is the world’s largest convenience retailer. The large format strip center spans 14,000 square feet on a 5.14-acre parcel, containing 80 parking spaces, providing each tenant with the ability to effectively handle high customer volume. The location experiences high traffic, with more than 30,000 vehicles per day on E. Chestnut Hill Rd, over 19,000 vehicles per day on Salem Church Rd, and an additional 129,788 vehicles per day on the nearby Delaware Turnpike (I-95).
Key Highlights
- Anchored by 7‑Eleven, a globally recognized brand.
- Stable cash flow asset with zero landlord responsibilities due to NNN leases.
- Large 14,000 sq ft retail center on a 5.14‑acre parcel with ample parking (80 spaces).
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $252.0k | $18.00 |
| − Vacancy | −$12.3k | −$0.88 |
| EGI | $239.7k | $17.12 |
| − OpEx | −$59.9k | −$4.28 |
| NOI | $179.7k | $12.84 |
14,000 SF · lease $18.00/SF/yr · vacancy 4.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,739 @ 7.0% cap · market cap 3.24%
Second Best
Retail
$1.94M
$1.69M – $2.26M
NOI $135,534 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$3.35M
$2.93M – $3.91M
NOI $234,407 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taxi Forever
Courier Service
Philly Pizza
Restaurant
Philly Style Pizza ...
Restaurant
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FAQs
What type of property is this?
Strip mall - Multi-tenant retail center with stable cash flow and NNN leases.
Where is this strip mall located?
The property is located at 681 E Chestnut Hill Rd Newark, DE.
What is the asking price?
The asking price for this property is $5,547,847.
What are key features of this property?
This property features: Anchored by **7‑Eleven**, a globally recognized brand.; Stable cash flow asset with **zero landlord responsibilities** due to NNN leases.; Large 14,000 sq ft retail center on a 5.14‑acre parcel with ample parking (80 spaces).
