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Property summary
This exceptional investment opportunity features a 159,878 square foot JCPenney store located within Christiana Mall in Newark, Delaware. The property sits on an 11.83-acre parcel and benefits from a 20-year absolute NNN lease with 16 years remaining, commencing December 7, 2020, and expiring November 30, 2040. The lease includes five, 5-year renewal options and features a 2% annual rent increase. The tenant, JCPenney, is backed by a corporate guarantee. Christiana Mall is Delaware's… busiest shopping center, boasting over 10.3 million annual visits and an "A+" rating from Green Street, achieving exceptional annual sales of $1,329 per square foot. The mall underwent a significant renovation and expansion in 2017, adding over 600,000 square feet of retail space. The property enjoys a prime location along I-95 and Highway 7, with high daily traffic volume. Its proximity to ChristianaCare Christiana Hospital, Wilmington Airport, and the University of Delaware further enhances its desirability. The surrounding area boasts a high average household income exceeding $114,000, and a population that has grown significantly since 2010. This offering presents a passive income opportunity with strong long-term cash flow potential and no landlord responsibilities. The tenant's current rent is significantly below market rates, presenting a substantial mark-to-market opportunity. The guarantor entities maintain a $925 million tangible net worth and 12 months of liquidity. JCPenney also demonstrates a healthy balance sheet with substantial cash on hand and available liquidity, and minimal long-term debt. This is a rare opportunity to acquire a high-performing retail asset in a prime location with a long-term, secure lease.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Oct 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
2 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 84,294 SF
- Lot area
- 11.83 ac
- Year built
- 1980
- Stories
- 2
- APN
- 09-024.00-022
- Zoning
- CR
- Assessed value · 2023
- $6,900,000
- Annual tax · 2023
- $211,383
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
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
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: 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.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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