1402 Newport Pike Wilmington, DE 19804-2336

This fee-simple, 9,100 square-foot Dollar General store in Wilmington, Delaware presents a compelling investment opportunity. Located at 1402 E Newport Pike, this single-tenant property boasts a 7.25% cap rate and a strong NOI of $207,056. The property sits on a 1.02-acre lot and benefits from a 15-year absolute NNN lease, originally commencing April 29, 2015, with 5.4 years remaining and five 5-year renewal options, each including a 10% rent increase. The tenant, Dollar General, is investment-grade rated and enjoys excellent visibility at a signalized intersection on a major commercial corridor. The property benefits from high traffic counts exceeding 19,300 vehicles daily on E Newport Pike and over 145,600 vehicles daily on nearby Interstate 95. The location is strategically positioned within a densely populated residential area with high average household incomes ($91,810 within 3 miles, $100,871 within 5 miles) and a significant workforce (over 73,600 employees within 3 miles). Proximity to major roadways (Interstates 95, 295, and 495, US Highway 13, and DE Routes 141 and 2), a nearby Amazon fulfillment center, Target, Walmart, and the Wilmington VA Medical Center further enhances its appeal. Dollar General's consistent year-over-year growth and plans for future expansion solidify its position as a recession-resistant retailer. This property offers a low-management, high-return investment with significant upside potential. The building, constructed in 2015, is a single-story structure. The asking price is $2,855,942.