NNN Restaurant
For Sale
Contact for pricing
Pending
271 N Dupont Hwy, Dover, DE 19901
Red Lobster restaurant subject to an absolute triple-net lease with scheduled annual rent escalations.
Property Size9,283 SF
Lot Size1.10 Acres
Days on Market143
Property Features for 271 N Dupont Hwy
General Information
Standard status
Pending
Size
9,283 SF
Lot size
1.10 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 31 at 10:36AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Red Lobster restaurant property includes approximately 9,283 rentable square feet of building area on an estimated 1.10-acre parcel at 271 N Dupont Hwy in Dover, Delaware. The asset is configured as a single restaurant facility and is identified by the source information as a specialty NNN property.
The lease commenced December 17th, 2015, and carries a 25-year base term under an absolute triple-net structure. Contractual rent increases are scheduled at 2% annually during the base term, with the same annual escalation applying through each of four 5-year renewal options.
The lease commenced December 17th, 2015, and carries a 25-year base term under an absolute triple-net structure. Contractual rent increases are scheduled at 2% annually during the base term, with the same annual escalation applying through each of four 5-year renewal options.
Key Highlights
- Red Lobster restaurant property at 271 N Dupont Hwy, Dover, DE 19901
- Approximately 9,283 rentable square feet on an estimated 1.10‑acre parcel
- 25‑year absolute triple‑net (NNN) lease commenced December 17th, 2015
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
221k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 30%
Shops & Services 13%
Superstores 10%
Kohl's
Apparel
42,522 visits/mo
0.1 miles
Burlington
Apparel
23,953 visits/mo
0.4 miles
Big Lots
Superstores
21,112 visits/mo
0.4 miles
Olive Garden
Dining
20,036 visits/mo
0.1 miles
Panera Bread
Dining
17,879 visits/mo
0.4 miles
Demographics for 19901, DE
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Red Lobster restaurant subject to an absolute triple-net lease with scheduled annual rent escalations.
Where is this nnn property located?
The property is located at 271 N Dupont Hwy Dover, DE.
What are key features of this property?
This property features: Red Lobster restaurant property at 271 N Dupont Hwy, Dover, DE 19901; Approximately 9,283 rentable square feet on an estimated 1.10‑acre parcel; 25‑year absolute triple‑net (NNN) lease commenced December 17th, 2015
