5298 Dupont Hwy Dover, DE 19901

This exceptional investment opportunity presents a fully leased, 5,827 square foot flex space property located at 5298 S Dupont Hwy, Dover, DE 19901. The property, situated on a 4.16-acre lot, boasts three single-story buildings constructed in 1953 and renovated in 2009. Currently operating under a Net Lease agreement with a corporate-guaranteed tenant, the lease commenced September 1, 2021, and has a remaining term of approximately 1.8 years, expiring August 31, 2026. The lease includes 2% annual rent bumps. The property features four dock-high doors, providing ample access for loading and unloading. The zoning permits Business General and Agricultural/Residential uses. With a current Net Operating Income (NOI) of $107,369 and an asking price of $1,550,000, this property offers a compelling 6.93% cap rate. The property's strategic location on busy Route 13 Dupont Highway, with approximately 30,000 vehicles passing daily, ensures high visibility and accessibility. The fenced lot provides additional outdoor storage space. The warehouse roof is metal, and the retail building roof was replaced in December 2017. The tenant is responsible for all operating expenses except roof and structure maintenance. This is a rare opportunity to acquire a well-maintained, high-performing industrial property in a prime Delaware location. The property's strong tenant, long-term lease, and attractive cap rate make it an ideal addition to any investment portfolio.