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    FOR LEASE
    Banks

    1424 N Dupont Hwy Wilmington, Manor, DE 19720

    4,715 SF 0.37 ac lot Built 1955
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US17-0289008
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Madi African Hair Braiding & Beauty supply Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Continental Block Co · 4 yrs held
    Continental Block Co
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    CR · New Castle, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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