Property profile

13 Jerome Dr & Rte Dover, DE 19901

OFF-MARKET
Retail properties & Spaces
185,000 SF 1.5 ac lot
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Property summary

AI-generated overview

McGinnis Green offers a prime retail investment opportunity in Dover, Delaware. Located on US-13 near the intersection of Jerome Drive and Route 13, this development boasts a highly visible location with excellent access and high traffic counts. The property features a 185,000 square foot Walmart Supercenter as its anchor tenant, ensuring consistent foot traffic and brand recognition for neighboring businesses. The available retail space totals 22,000 square feet, divided into three pad sites, with 1,355 square feet currently vacant. This presents a unique chance for businesses seeking immediate occupancy or expansion. The development benefits from a shared entrance drive with Walmart and signalized access, providing convenient and safe access for customers. Future improvements include a dedicated right-in access from northbound Route 13, further enhancing visibility and accessibility. The property sits on a 1.5-acre lot in Kent County, offering ample space and potential for future development. This is an exceptional opportunity to establish a presence in a thriving retail environment with a strong anchor tenant and excellent visibility. The available space is ideal for a variety of retail uses, providing a flexible and adaptable space to suit diverse business needs. Don't miss this chance to secure a prominent location in a high-traffic area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 185,000 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13 Jerome Dr & Rte Dover, DE 19901
Dover metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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