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    945 Dupont Blvd Milford, DE 19963

    Sponsored
    For Sale
    $2,445,000

    Net-Leased Ruby Tuesday, 7.4% Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a net-leased Ruby Tuesday restaurant located at 945 N Dupont Blvd, Milford, DE 19963. Situated on a Walmart pad site along the bustling N. Dupont Boulevard, this property offers a strong, stable income stream. The lease, with a corporate guarantee from Ruby Tuesday, is a triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance (excluding roof and structure). The current lease term extends until September 13, 2027, with approximately 2.8 years remaining. The annual rent increases at 2% provide built-in protection against inflation. The property boasts a compelling 7.40% cap rate based on a Net Operating Income (NOI) of $180,930 and an asking price of $2,445,000. The lease commenced on September 14, 2012, and originally spanned 15 years. This well-located, low-maintenance investment is ideal for passive income seekers seeking a secure, high-return opportunity in a desirable Delaware location. The property's strategic placement on a busy thoroughfare, coupled with the strength of the corporate guarantor, makes this a truly attractive proposition. This is a rare chance to acquire a proven, stable, and appreciating asset in a thriving commercial area.

    Property Features for 945 Dupont Blvd

    General Information

    Property type
    Restaurants

    HighLights

    • Net‑leased Ruby Tuesday restaurant investment opportunity.
    • Triple‑net lease; landlord responsibilities exclude roof and structure.
    • Walmart pad site on busy N. Dupont Blvd, Milford, DE.
    • Attractive 2% annual rent increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Kent
    State
    Delaware
    Longitude
    -75.431696
    Latitude
    38.930761

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    FAQs

    What type of property is this?
    Restaurant - Net-Leased Ruby Tuesday, 7.4% Cap Rate
    Where is this restaurant located?
    The property is located at 945 Dupont Blvd Milford, DE.
    What is the asking price?
    The asking price for this property is $2,445,000.
    What are key features of this property?
    This property features: Net-leased Ruby Tuesday restaurant investment opportunity.; Triple-net lease; landlord responsibilities exclude roof and structure.; Walmart pad site on busy N. Dupont Blvd, Milford, DE.
    Request Owner's contact information
    945 Dupont Blvd Milford, DE 19963
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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
    945 Dupont Blvd Milford, DE 19963
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