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Restaurant

Starbucks | 10 Years Remain | Wilmington, DE MSA | High Traffic, Wrap Corner Location (81k+ VPD)

27 Christiana Rd, New Castle, DE 19720

Listing Price: $3,599,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,671
Lease Type
Double Net
Rent Per Square Feet
$67.39

Investment Overview

The Tenant’s location is adjacent to Wilmington International Airport, which provides regional travel via American, United and Delta Airlines, and is within 1.6 miles to Wilmington University with an enrollment of 20,808. The corridor includes significant industrial density, most notably a 204,236-square-foot United States Post Office facility and 249,157-square-foot Churchman’s Corporate Center, as well as hotel density to accommodate airport travelers. A new industrial project is slated for a large parcel immediately north of the site.

Investment Highlights

  • New 10-Year Corporate Lease (NASDAQ: SBUX)
  • High Traffic, Wrap Corner; 81,162 VPD
  • Dense Region with 62,285 Daytime Population

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s) DE: RB-0002461

    Delaware

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Restaurant

Starbucks | 10 Years Remain | Wilmington, DE MSA | High Traffic, Wrap Corner Location (81k+ VPD)

Listing Price: $3,599,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
2,671
Lease Type
Double Net
Rent Per Square Feet
$67.39

Investment Highlights

  • New 10-Year Corporate Lease (NASDAQ: SBUX)
  • High Traffic, Wrap Corner; 81,162 VPD
  • Dense Region with 62,285 Daytime Population

Investment Overview

The Tenant’s location is adjacent to Wilmington International Airport, which provides regional travel via American, United and Delta Airlines, and is within 1.6 miles to Wilmington University with an enrollment of 20,808. The corridor includes significant industrial density, most notably a 204,236-square-foot United States Post Office facility and 249,157-square-foot Churchman’s Corporate Center, as well as hotel density to accommodate airport travelers. A new industrial project is slated for a large parcel immediately north of the site.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s): DE: RB-0002461

    Delaware

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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