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Single-Tenant Industrial

White Cap | Net Leased Industrial | Rare Annual Increases

1685 River Rd, New Castle, DE 19720

Listing Price: $10,385,000

Cap Rate
6.00%
Gross SF
670,824
Price/Gross SF
$15.48
Lot Size
15.40 acres
Year Built
1993
Rentable SF
92,050

Investment Overview

- Industrial Property in Excellent Condition - - Location Serves as the Main Hub for White Cap Serving the Markets of Philadelphia and Baltimore - Large Lot with Over 15 Acres - Multiple Buildings with Drive-In Doors and Loading Docks 20’ Ceiling Clear Heights - Tenant has been Operating Successfully at this Location for Over 24 Years - Strong Corporate Guarantee - - NNN Industrial Property with Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market - White Cap is a Nationally Recognized Brand with Revenue in Excess of $4 Billion - White Cap has Over 450 Locations in the USA and Canada - White Cap is the Leading North American Distributor of a Diverse Mix of Concrete Accessories and Specialty Construction and Safety Products - Pride of Ownership Property in New Castle, DE - - Dense, Infill Area with Over 97,000 Residents within 5 Miles of the Subject Property - Affluent Area with an Average Household Income Exceeding $117,000 within 2 Miles - Located in a Industrial Area with a Brand New 1,350,000 SF Amazon Fulfillment Center Just Built North of the Subject Property

Investment Highlights

  • New 7-Year Lease Extension
  • Large 92,000+ SF GLA
  • Rare Annual Increases

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031090

    Delaware

Financing By

Single-Tenant Industrial

White Cap | Net Leased Industrial | Rare Annual Increases

Listing Price: $10,385,000

Cap Rate
6.00%
Gross SF
670,824
Price/Gross SF
$15.48
Lot Size
15.40 acres
Year Built
1993
Rentable SF
92,050

Investment Highlights

  • New 7-Year Lease Extension
  • Large 92,000+ SF GLA
  • Rare Annual Increases

Investment Overview

- Industrial Property in Excellent Condition - - Location Serves as the Main Hub for White Cap Serving the Markets of Philadelphia and Baltimore - Large Lot with Over 15 Acres - Multiple Buildings with Drive-In Doors and Loading Docks 20’ Ceiling Clear Heights - Tenant has been Operating Successfully at this Location for Over 24 Years - Strong Corporate Guarantee - - NNN Industrial Property with Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market - White Cap is a Nationally Recognized Brand with Revenue in Excess of $4 Billion - White Cap has Over 450 Locations in the USA and Canada - White Cap is the Leading North American Distributor of a Diverse Mix of Concrete Accessories and Specialty Construction and Safety Products - Pride of Ownership Property in New Castle, DE - - Dense, Infill Area with Over 97,000 Residents within 5 Miles of the Subject Property - Affluent Area with an Average Household Income Exceeding $117,000 within 2 Miles - Located in a Industrial Area with a Brand New 1,350,000 SF Amazon Fulfillment Center Just Built North of the Subject Property

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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