Investment Overview

Marcus & Millichap is pleased to present the single-tenant net leased Builders FirstSource located at 20769 Dupont Blvd, Georgetown, DE. The 20,300 SF industrial-retail property sits on approximately 4.90 acres of land with excellent visibility from the four-lane highway of Dupont Blvd. Originally built for Shone Lumber, (est. 1957), Shone sold the business to BMC Holdings in 2018, who then merged with Builders FirstSource in 2021 (p. ). Builders FirstSource is the largest supplier of building materials, manufactured components, and construction services in North America with over 570 locations in 43 states, Builders FirstSource serves the professional contractors, sub-contractors, remodelers, and consumers of the single-family and multi-family housing market. The total estimated size of the U.S. residential construction market is around USD 590 billion and is expected to grow at a CAGR of over 3% through 2029. The stock price of Builders FirstSource (NYSE: BLDR) is up 1900% from the COVID low and was recently added to the S&P 500, in December of 2023. The subject property has been utilized for the sales, distribution and warehousing of said construction materials since being built in 1969. The lease is under the first option period with four (4+) years remaining & two percent (2%) annual increases. Two (2) additional five (5) year options remain with the same annual rent increases. The lease is double-net (NN) with minimal landlord responsibilities (abstract on p. ) Georgetown, Delaware, is a charming and historic town located in the heart of Sussex County, of which it is the county seat. Founded in 1791, it hosts the Sussex County government offices and is a vital center for legal, professional, and educational services in the region. The town also serves as a gateway to Delaware's popular coastal areas, making it an appealing location for those seeking a quieter, small-town atmosphere while still having access to the beaches and tourist attractions of the Delaware Shore. Just 15 miles from Rehoboth Beach, often referred to as the "Nation's Summer Capital".