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Shopping Strip

Dollar Tree Strip Center

2400 Governor Printz Blvd, Wilmington, DE 19802

Listing Price: $3,434,369

Cap Rate
6.50%
Gross SF
15,395
Rentable SF
15,395
Price/Gross SF
$223.08
Lot Size
1.62 acres
Year Built
2019

Investment Overview

» Strategic Location + Accessibility | Adjacent to Multifamily Communities (800+/- Units) and over 1,500 students within a 2-mile radius » Desirable Location + Demographics | Average Household Income is $88K across a Population of 183K Residents within a 5-Mile Trade Radius » Dominant Retailer Among Competition | Subject Site Generates Double the Annual Visits (60K) compared to Adjacent Family Dollar Competition (30K) per Placer.Ai » Major Economic Drivers | Subject Site benefits from its proximity to major submarket traffic generators including a New Multifamily Apartment Complex (600-Units) and Upscale Hotel (136 Rooms) Under Construction within 1-mile

Investment Highlights

  • Strong Corporate Guaranteed Tenant | Best in-class Tenant, Dollar Tree Inc. has an investment-grade credit rating of BBB (S&P)
  • New Construction Opportunity | Center was built in 2019 and has minimal Landlord Responsibilities (NN Leases)
  • Enticing Lease Term | (88%) of Total Building GLA Expires Beyond 2029

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031090

    Delaware

Financing By

Shopping Strip

Dollar Tree Strip Center

Listing Price: $3,434,369

Cap Rate
6.50%
Gross SF
15,395
Rentable SF
15,395
Price/Gross SF
$223.08
Lot Size
1.62 acres
Year Built
2019

Investment Highlights

  • Strong Corporate Guaranteed Tenant | Best in-class Tenant, Dollar Tree Inc. has an investment-grade credit rating of BBB (S&P)
  • New Construction Opportunity | Center was built in 2019 and has minimal Landlord Responsibilities (NN Leases)
  • Enticing Lease Term | (88%) of Total Building GLA Expires Beyond 2029

Investment Overview

» Strategic Location + Accessibility | Adjacent to Multifamily Communities (800+/- Units) and over 1,500 students within a 2-mile radius » Desirable Location + Demographics | Average Household Income is $88K across a Population of 183K Residents within a 5-Mile Trade Radius » Dominant Retailer Among Competition | Subject Site Generates Double the Annual Visits (60K) compared to Adjacent Family Dollar Competition (30K) per Placer.Ai » Major Economic Drivers | Subject Site benefits from its proximity to major submarket traffic generators including a New Multifamily Apartment Complex (600-Units) and Upscale Hotel (136 Rooms) Under Construction within 1-mile

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): DE: RB-0031090

    Delaware

Financing By

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