CVS-Guaranteed NNN Retail
For Sale
Contact for pricing
402 N Maryland Ave, Wilmington, DE 19804
Absolute NNN structure with a CVS corporate guarantee and Dollar Tree sublease.
Property Size13,225 SF
Lot Size2.95 Acres
Days on Market144
Property Features for 402 N Maryland Ave
General Information
Standard status
Active
Size
13,225 SF
Lot size
2.95 Acres
Property subtype
Retail
Additional Details
Traffic Count
19,131 vehicles/day
Building Details
Year Built
2012
Buildings
1
Tenancy
Single
Listing Agency:
NNNet Advisors San Francisco
Listed By:
Geoffrey Faulkner · License #CA 1745351
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:58AM
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 NNNet Advisors San Francisco
Investment Insights
Based on property information with market context.
This NNN retail property includes a 13,225-square-foot improved building on approximately 2.95 acres. Constructed in 2012, the asset is occupied under an absolute NNN arrangement, with CVS providing the corporate guarantee and Dollar Tree operating through a sublease. The base term has over 14 years remaining.
The property is positioned along North Maryland Ave, which records average daily traffic of 19,131 cars. Its Wilmington location combines a freestanding retail building with a long-term lease structure and established national retail tenancy.
The property is positioned along North Maryland Ave, which records average daily traffic of 19,131 cars. Its Wilmington location combines a freestanding retail building with a long-term lease structure and established national retail tenancy.
Key Highlights
- 13,225 SF improved retail building on approximately 2.95 acres
- Absolute NNN investment with CVS corporate guarantee
- Dollar Tree sublease with over 14 years remaining on the base term
Property Analytics
Property Profile
Current Use
Lease Details
19,131 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 22%
Home Improvements & Furnishings 7%
Electronics 2%
Dollar Tree
Shops & Services
11,816 visits/mo
0.0 miles
Sunoco
Shops & Services
8,960 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,038 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,025 visits/mo
0.2 miles
Little Caesars Pizza
Dining
2,737 visits/mo
0.4 miles
Demographics for 19804, DE
18,292
Population
8,075
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
7.2 sq mi
ZIP Area
2,541
Density / Sq Mi
$76,204
Median Household Income
$44,897
Median Earnings
$1,157
Median Rent
$244,700
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 - Absolute NNN structure with a CVS corporate guarantee and Dollar Tree sublease.
Where is this nnn property located?
The property is located at 402 N Maryland Ave Wilmington, DE.
What are key features of this property?
This property features: 13,225 SF improved retail building on approximately 2.95 acres; Absolute NNN investment with CVS corporate guarantee; Dollar Tree sublease with over 14 years remaining on the base term
