Freestanding Dollar General
1402 E Newport Pike Wilmington, DE 19804
1402 E Newport Pike, Wilmington, DE, 19804
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For Sale
Contact for pricing
Freestanding Dollar General secured by a 15-year absolute net lease starting in 2015, with 4+ years remaining.
Property Size9,100 SF
Price / SF$267.69
Days on Market137
Property Features for 1402 E Newport Pike
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agency
Horvath & Tremblay
Listed by
Kyle Danielson · License #9538605
Source
Crexi
Added: Mar 6 Updated: Jul 21 at 12:27AM Checked: Jul 21 at 12:27AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
Horvath & Tremblay presents the exclusive opportunity to acquire a freestanding Dollar General investment property in Wilmington, Delaware. Dollar General commenced a 15-year absolute net lease in 2015, with 4+ years of term remaining and five (5) five-year renewal options. The lease includes 10% rent increases at the start of each renewal option.
The property is positioned in the Newport Heights neighborhood at the signalized intersection of Becker Avenue and Newport Pike, along the area’s primary commercial and commuter corridor through southwestern Wilmington. Dollar General benefits from visibility and frontage in a densely populated residential neighborhood, with convenient access to DE Route 141 and Interstates 95, 295, and 495.
The investment is offered for sale at 1402 E Newport Pike. (Information provided by owner/broker, and subject to verification.)
The property is positioned in the Newport Heights neighborhood at the signalized intersection of Becker Avenue and Newport Pike, along the area’s primary commercial and commuter corridor through southwestern Wilmington. Dollar General benefits from visibility and frontage in a densely populated residential neighborhood, with convenient access to DE Route 141 and Interstates 95, 295, and 495.
The investment is offered for sale at 1402 E Newport Pike. (Information provided by owner/broker, and subject to verification.)
Key Highlights
- Freestanding Dollar General investment at 1402 E Newport Pike, Wilmington, DE
- Dollar General absolute net lease commenced in 2015 with 4+ years of initial term remaining
- Lease includes five (5) 5‑year renewal options with 10% rent increases at the start of each renewal option
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 | $163.8k | $18.00 |
| − Vacancy | −$8.0k | −$0.88 |
| EGI | $155.8k | $17.12 |
| − OpEx | −$38.9k | −$4.28 |
| NOI | $116.8k | $12.84 |
9,100 SF · lease $18.00/SF/yr · vacancy 4.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $116,830 @ 7.0% cap · market cap 4.80%
Second Best
Retail
$1.26M
$1.10M – $1.47M
NOI $88,097 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,365 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Freestanding Dollar General secured by a 15-year absolute net lease starting in 2015, with 4+ years remaining.
Where is this nnn property located?
The property is located at 1402 E Newport Pike Wilmington, DE.
What is the asking price?
The asking price for this property is $2,435,953.
What are key features of this property?
This property features: Freestanding Dollar General investment at 1402 E Newport Pike, Wilmington, DE; Dollar General absolute net lease commenced in 2015 with 4+ years of initial term remaining; Lease includes five (5) 5‑year renewal options with 10% rent increases at the start of each renewal option
