Property profile

1424 N Dupont Hwy Wilmington Manor, DE 19720

FOR LEASE
Banks
Property ID
US17-0289008
4,715 SF 0.37 ac lot Built 1955
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 9,430 square foot, two-story building, located at 1424 N Dupont Hwy in Wilmington Manor, DE 19720, presents a unique opportunity for a single tenant or a multi-tenant configuration (one per floor). Situated on a 0.37-acre lot, this property boasts a prime location on a highly visible, signalized intersection with approximately 70-80,000 vehicles per day. The building, constructed in 1955, features an all-brick exterior and offers excellent pylon signage potential. Currently configured as a grocery store with second-floor office space, the interior is adaptable to various uses, including retail, restaurant, office, or assembly. A drive-thru window is possible with modifications. The property is zoned CR - Commercial Regional and includes ample on-site parking, plus shared parking within the Continental Shopping Center. While there is no commercial kitchen currently installed, the tenant has the flexibility to modify the space to meet their specific needs. Utilities are not demised, and a shared utility arrangement is possible for multi-tenant occupancy. The annual property taxes are $15,771. The monthly rent is $8,900, with a monthly NNN CAM charge of $1,610 ($2.05/SF). A $25,000 security deposit and personal guarantee are required at lease commencement. The lease includes a 3% annual rental rate increase. Available September 1, 2024.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1955
Construction CONCRETE
Total area 4,715 SF
Lot 0.37 ac (16,117 SF)
Zoning code CR
APN 10-014.00-010
UPID US17-0289008

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hair Salon

Location

1424 N Dupont Hwy, Unit Wilmington Manor, DE 19720
Manor metro Census 15100 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

CR · New Castle, DE

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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More about this property
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