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    701 N Porter St Seaford, DE 19973

    For Sale
    $2,500,000

    NNN retail property with a long-term national credit tenant.

    Property size:
    12,480 SF
    Lot size:
    2.46 Acres

    Property Features for 701 N Porter St

    General Information

    Size
    12,480 SF
    Lot size
    2.46 Acres

    Source: Rinnier Development Company Agent Matthew Trader

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seaford, DE NNN Retail

    This is a retail property located in Seaford, Delaware. The property features a single, national credit tenant under an absolute net lease, making it a completely hands-free investment. The initial lease term has over 11 years remaining, with 9% rental increases during option periods. The property operates at a 6% CAP rate. The property is identified under Sussex County Tax Map 531-10.18-128.00. The property size is 12,480 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Western Union Money Transfer Service Dollar General Dollar Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Act Two Florist, Seaford Florist, Posey Palace Florist

    Location Insight

    • Map
    • Local Demand
    City
    Seaford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.6206828
    Latitude
    38.646866

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    FAQs

    What type of property is this?
    Storefront property - NNN retail property with a long-term national credit tenant.
    Where is this storefront property located?
    The property is located at 701 N Porter St Seaford, DE.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Single, national credit tenant provides reliable income.; - Absolute Net lease ensures hands-free investment with tenant responsible for all expenses.; - **11+ years remaining on the initial lease term offers long-term stability.**
    (443) 614-4297
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    701 N Porter St Seaford, DE 19973
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    Seaford, DE 19973
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 N Porter St Seaford, DE 19973
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