Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple Walgreens located at 2012 Brackenville Rd, Hockessin, DE 19707. The 11,916 square foot building sits on a 2.3-acre lot at a hard corner with excellent visibility and access from a four-way signalized intersection. Built in 2008, this single-tenant property boasts a 20-year net lease (NNN) with a corporate guarantee from Walgreens, providing significant security. The lease commenced February 18, 2008, and expires February 29, 2028,… leaving approximately 3.3 years remaining. The current annual net operating income (NOI) is $462,360, yielding an 8.00% cap rate, with a purchase price of $5,779,500 ($485.02 per square foot). The property benefits from strong demographics, with a 3-mile radius encompassing 32,700 residents earning an average household income of $156,000. This expands to 104,300 residents within a 5-mile radius ($127,700 AHHI) and 467,800 residents within 10 miles ($107,700 AHHI). The lease includes three, five-year renewal options with a 12.5% rent increase in each. This Walgreens location was formerly a Happy Harry's, acquired and rebranded by Walgreens due to strong store performance. The property offers exceptional ease of access and visibility.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Official district profile
Sec. 40.02.231. Commercial, Neighborhood (CN) District. A. This district has a suburban character. B. The scale and intensity of the development is regulated to ensure that uses primarily serve the surrounding residentia…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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