Single-Tenant Retail Ground
211 Alfred St Georgetown, DE 19947
For Sale
Contact for pricing
Brand new, absolute NNN ground lease property leased to a corporate-guaranteed AutoZone with scheduled rental increases.
Days on Market104
Property Features for 211 Alfred St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Philip Wellde · License #FL SL3430880
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 11:00AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This brand new single-tenant retail ground lease investment is structured as an absolute NNN lease with land ownership. The tenant is responsible for CAM, taxes, insurance, and all aspects of premises maintenance, with no landlord responsibilities tied to the property. The lease is described as corporate guaranteed by AutoZone, Inc. (NYSE: AZO) and includes scheduled rental increases throughout the term, along with extension options referenced in the offering.
The asset is located on Dupont Blvd/US Hwy 113, identified as a primary retail thoroughfare serving Georgetown, Delaware, and is positioned near Wilmington University Georgetown and Delaware Technical Community College. The remarks also describe surrounding new development, including Wawa and Mach-1 Car Wash.
The offering states the property is built with distinct design elements and high-quality materials, and that it provides significant street sign frontage to support visibility and customer access from the main corridor.
The asset is located on Dupont Blvd/US Hwy 113, identified as a primary retail thoroughfare serving Georgetown, Delaware, and is positioned near Wilmington University Georgetown and Delaware Technical Community College. The remarks also describe surrounding new development, including Wawa and Mach-1 Car Wash.
The offering states the property is built with distinct design elements and high-quality materials, and that it provides significant street sign frontage to support visibility and customer access from the main corridor.
Key Highlights
- Brand new 20‑year absolute NNN ground lease with 4 (5‑year) options to extend
- Corporate‑guaranteed by AutoZone, Inc. (NYSE: AZO); tenant rated BBB by S&P
- Scheduled rental increases throughout the term and at the beginning of each option to extend
Property Analytics
Location Intelligence
Current Use by Public Records
AutoZone Auto Parts
Auto Parts Store
FAQs
What type of property is this?
NNN property - Brand new, absolute NNN ground lease property leased to a corporate-guaranteed AutoZone with scheduled rental increases.
Where is this nnn property located?
The property is located at 211 Alfred St Georgetown, DE.
What are key features of this property?
This property features: Brand new 20‑year absolute NNN ground lease with 4 (5‑year) options to extend; Corporate‑guaranteed by AutoZone, Inc. (NYSE: AZO); tenant rated BBB by S&P; Scheduled rental increases throughout the term and at the beginning of each option to extend
