Cap Rate
5.5%
$ per SF
$530
101 Laurel Rd, Millsboro, DE, 19966
Advance Auto Parts$3,600,000
Key Information
Tot. SF
6,787
Year Built
2010
Term Remaining
±7.3 YRS
Type
Retail
Occupancy
100%
NOI
$198,000
Highlights
- Established Advance Auto Parts – On the main thoroughfare along Dupont Blvd (Hwy 20) the dominant hard corner in Millsboro DE.
- With roughly 8 years of remaining lease term Advance Auto Parts is a thriving retailer providing necessity based retail goods to the local consumer.
- Located in Millsboro – a growing market, supported by strong sectors in retail, healthcare, tourism, and construction.
- Well-situated on the main thoroughfare along Dupont Blvd on dominant thoroughfare and hard corner of Millsboro.
- A plethora of national and regional retailer draws includes Food Lion, Dunkin, WAWA and many others, creating additional synergy at the property throughout the day.
- Affluent, growing trade area (out to 15+ miles), highlighted by an average household income of $86,607 within 10 miles of the property.
Photos
Location
Agents
Financing Agents
A
Andrew MarcusLicense # 104013808105 (NY)
Broker of Record
Chris Castagno
License # RM-0000432 (DE)Location Realty Advisors, LLC621 Delaware Street, Suite 100, New Castle, DE 19720