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    20494 Sussex Hwy Bridgeville, DE 19933

    For Sale
    $8,569,720

    High-yield, 18-year NNN lease, new construction.

    Property size:
    4,063 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a newly constructed 7-Eleven gas station in Bridgeville, Delaware. Boasting a strong 18.1-year absolute NNN lease (with 16.6 years remaining) commencing June 1, 2023, and expiring June 30, 2041, this property offers significant long-term stability. The lease includes four five-year renewal options and attractive 10% rent bumps every five years. The 4,063 square foot building sits on a 3.09-acre lot and features 12 gas pumps (8 regular, 4 diesel). The property benefits from a 5.00% cap rate, a $428,486 net operating income (NOI), and a $8,569,720 asking price, translating to a price per square foot of $2,109.21. The tenant, 7-Eleven, Inc., is investment grade rated (A), providing exceptional creditworthiness and minimizing landlord responsibilities. Built in 2023, this single-story building is zoned for commercial use and enjoys 100% occupancy since its opening. This is a rare opportunity to acquire a high-performing, low-maintenance asset with substantial long-term growth potential. The property's location at 20494 Sussex Hwy, Bridgeville, DE 19933, ensures high visibility and accessibility.

    Property Features for 20494 Sussex Hwy

    General Information

    Property type
    Automotive properties
    Square Feet
    4,063 SF
    Lot Size
    134,600 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 18‑Year Absolute NNN Lease with 4 five‑year options.
    • Zero Landlord Responsibilities.
    • 10% Rent Increases Every 5 Years, commencing June 1, 2023.
    • Brand New Construction with Accelerated Depreciation Benefits.
    • Corporate Guarantee by Investment Grade (A‑rated) 7‑Eleven, Inc.
    • Gas Station with 8 regular and 4 diesel pumps.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    7-Eleven Gas Station

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeville
    County
    Sussex
    State
    Delaware
    Longitude
    -75.5897766
    Latitude
    38.7007528

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    FAQs

    What type of property is this?
    Automotive property - High-yield, 18-year NNN lease, new construction.
    Where is this automotive property located?
    The property is located at 20494 Sussex Hwy Bridgeville, DE.
    What is the asking price?
    The asking price for this property is $8,569,720.
    What are key features of this property?
    This property features: 18-Year Absolute NNN Lease with 4 five-year options.; Zero Landlord Responsibilities.; 10% Rent Increases Every 5 Years, commencing June 1, 2023.
    Request Owner's contact information
    20494 Sussex Hwy Bridgeville, DE 19933
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    Bridgeville, DE 19933
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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
    20494 Sussex Hwy Bridgeville, DE 19933
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