681 E Chestnut Hill Rd Newark, DE
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Multi-tenant retail center with stable cash flow and NNN leases.
Type:RETAIL
Property size:
14,000 SFLot size:
5.88 Acres- Added:
- Dec 11, 2024
- Days on Market:
- 494
- Last Refresh:
- Apr 5 at 9:42 pm
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 agent Dylan O’Hara (918) 208-1565
Listing office Real Capital Investments (918) 208-1565
Listing date Dec 11, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Real Capital Investments
Overview
Fully Occupied Retail Center
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).
Location Intelligence
Current Use by Public Records
Taxi Forever
Courier Service
Philly Pizza
Restaurant
Philly Style Pizza ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- New Castle
- State
- Delaware
- Longitude
- -75.7037
- Latitude
- 39.6741
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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).
