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Restaurant

Starbucks w/ Drive Thru | Delaware | Brand New 2022 Construction | Across from Walmart Supercenter

4009 S Dupont Hwy, Dover, DE 19901

Listing Price: $2,944,578

Cap Rate
4.50%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,338.44
Lease Type
Double Net
Rent Per Square Feet
$60.23

Investment Overview

Dover is the capital and second-largest city of the U.S. state of Delaware. It is also the county seat of Kent County and the principal city of the Dover, DE, Metropolitan Statistical Area, which encompasses all of Kent County and is part of the Philadelphia–Wilmington–Camden, PA–NJ–DE–MD, Combined Statistical Area. It is located on the St. Jones River in the Delaware River coastal plain. Delaware’s largest employer is also Dover’s – the state government. A large portion, but not all, of the state’s bureaucracy is located in and around Dover. However, like some other American states, Delaware’s capital is not its largest city. Consequently, Wilmington, in the northern part of the state and its largest city, has many state offices and employees one would normally expect to find in the state capital, including the headquarters of the Office of the Attorney General, especially as many large American corporations maintain nominal offices in that city to register their Delaware corporation. Dover is one of the fast-growing areas in the state of Delaware, due in large part to the relatively low cost of living. As a consequence, the Kent County government is a major employer in the area as well. Apart from the state and county governments, Dover’s significant employers include Dover Air Force Base, located within the southeast corporate limits of the city. The base houses two airlift wings as well as the U.S. military’s only mortuary in the continental United States, which accepts and processes the remains of soldiers killed in battle. In addition, Kraft Foods and Procter & Gamble have manufacturing facilities in Dover. The Kraft Foods plant in Dover has been the plant that manufactures Jell-O since 1964 when it relocated from Bloomfield, New York.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New 2022 High Quality Construction w/ 10 Year Roof Warranty.
  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New 2022 High Quality Construction w/ 10 Year Roof Warranty.
  • Minutes from Dover Air Force Base - the Busiest and Largest Air Freight Terminal in the Department of Defense w/ more than 6,400 Personnel Currently Stationed.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 28k Vehicles.
  • Across from Walmart Supercenter and near Numerous other National Retailers Including Lowe's, Walgreens, ALDI, Tractor Supply, Redner's and many more.
  • A Short Drive from Delaware State University - a 400 Acre Public University with an Enrollment of more than 4k Students.
  • Walking Distance from Capano Communities - Currently Under Construction High-Quality 192-Unit Apartment Complex. In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • US-13 / S Dupont Hwy Widening - Future Project to Turn from 4 Lanes to 6. Construction Start Date is Fiscal Year 2022 and Completion Date in 2025.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031090

    Delaware

Financing By

Restaurant

Starbucks w/ Drive Thru | Delaware | Brand New 2022 Construction | Across from Walmart Supercenter

Listing Price: $2,944,578

Cap Rate
4.50%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,338.44
Lease Type
Double Net
Rent Per Square Feet
$60.23

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New 2022 High Quality Construction w/ 10 Year Roof Warranty.
  • Starbucks w/ Drive-Thru Featuring 10% Every 5 Years Throughout the Initial Term and Options. Brand New 2022 High Quality Construction w/ 10 Year Roof Warranty.
  • Minutes from Dover Air Force Base - the Busiest and Largest Air Freight Terminal in the Department of Defense w/ more than 6,400 Personnel Currently Stationed.
  • Positioned Along Area's Traffic & Retail Corridor. Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 28k Vehicles.
  • Across from Walmart Supercenter and near Numerous other National Retailers Including Lowe's, Walgreens, ALDI, Tractor Supply, Redner's and many more.
  • A Short Drive from Delaware State University - a 400 Acre Public University with an Enrollment of more than 4k Students.
  • Walking Distance from Capano Communities - Currently Under Construction High-Quality 192-Unit Apartment Complex. In Close Proximity to Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • US-13 / S Dupont Hwy Widening - Future Project to Turn from 4 Lanes to 6. Construction Start Date is Fiscal Year 2022 and Completion Date in 2025.

Investment Overview

Dover is the capital and second-largest city of the U.S. state of Delaware. It is also the county seat of Kent County and the principal city of the Dover, DE, Metropolitan Statistical Area, which encompasses all of Kent County and is part of the Philadelphia–Wilmington–Camden, PA–NJ–DE–MD, Combined Statistical Area. It is located on the St. Jones River in the Delaware River coastal plain. Delaware’s largest employer is also Dover’s – the state government. A large portion, but not all, of the state’s bureaucracy is located in and around Dover. However, like some other American states, Delaware’s capital is not its largest city. Consequently, Wilmington, in the northern part of the state and its largest city, has many state offices and employees one would normally expect to find in the state capital, including the headquarters of the Office of the Attorney General, especially as many large American corporations maintain nominal offices in that city to register their Delaware corporation. Dover is one of the fast-growing areas in the state of Delaware, due in large part to the relatively low cost of living. As a consequence, the Kent County government is a major employer in the area as well. Apart from the state and county governments, Dover’s significant employers include Dover Air Force Base, located within the southeast corporate limits of the city. The base houses two airlift wings as well as the U.S. military’s only mortuary in the continental United States, which accepts and processes the remains of soldiers killed in battle. In addition, Kraft Foods and Procter & Gamble have manufacturing facilities in Dover. The Kraft Foods plant in Dover has been the plant that manufactures Jell-O since 1964 when it relocated from Bloomfield, New York.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): DE: RB-0031090

    Delaware

Financing By

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