Augusta Square Shopping Center, Newark, Delaware
681-699 E. Chestnut Hill Rd
VIEW MAP
VIEW MAP
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
default
12 AERIAL FAR – AUGUSTA SQUARE (NEWARK, DE) JPG
12 AERIAL FAR – AUGUSTA SQUARE (NEWARK, DE) JPG
13 AERIAL NEAR – AUGUSTA SQUARE (NEWARK, DE) JPG
13 AERIAL NEAR – AUGUSTA SQUARE (NEWARK, DE) JPG
14 AERIAL NEAREST – AUGUSTA SQUARE (NEWARK, DE) JPG
14 AERIAL NEAREST – AUGUSTA SQUARE (NEWARK, DE) JPG
default
default
default
default
default
default
Property Information
| Price: | $5,529,562 |
| Cap Rate: | 6.40% |
| NOI: | $353,892 |
| Lease Term: | 10+ Years |
| Lease Type: | NNN |
| Building Size: | Approximately 14,000 Square Feet |
| Year Built: | 1983/1996 |
| Status: | Available |
| Lead Broker Information: |
Dylan O’Hara dylan@realcapitalinvestments.com 918-208-1565 |
Property Description
Investment Highlights
- Fully Occupied Multi-Tenant Retail Center with NNN Leases – Stable Cash Flow Asset – Zero Landlord Responsibilities – Multiple Options to Renew
- Rental Increases Throughout the Initial Terms and Option Periods, Providing a Strong Hedge Against Inflation
- Anchored by a Globally Diversified, Powerhouse Tenant – 7-Eleven is the Premier Brand and Leader in the Convenience Store/Gas Station Industry with Over 78,000 Locations in 19 Countries, Making it the World’s Largest Convenience Retailer
- Intrinsic Value – Large Format Strip Center at 14,000 Square Feet on a Massive 5.14 Acre Parcel Containing 80 Parking Spaces, Providing Each Tenant with the Ability to Effectively Handle High Customer Volume
- High Traffic Location – More Than 30,000 Vehicles Per Day on E. Chestnut Hill Rd, Over 19,000 Vehicles Per Day on Salem Church Rd & an Additional 129,788 Vehicles Per Day on the Nearby Delaware Turnpike (I-95)
- Excellent Visibility at a Signalized Intersection – Ingress & Egress for the Property Has It’s Own Traffic Light
- Densely Populated, Infill Location with Excellent Demographics – Over 201,000 People in a 5-Mile Radius with Average Household Income Exceeding $107,000
- Over 23.8 Million Square Feet of Industrial & Office Space and 10.6 Million Square Feet of Restaurant & Retail within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of More Than 7,300 Businesses & 78,000 Employees
- Approximately 2.3 Miles from the 1,230 Bed Christiana Care Christiana Hospital with Over $5.63 Billion in Total Patient Revenue I n 2023 and a Staff of More Than 1,500 Healthcare Professionals
- Approximately 1.4 Miles from Christiana High School with More Than 1,250 Students Currently Enrolled
- Approximately 3.6 Miles from The University of Delaware with Over 24,000 Students Enrolled and More Than 4,800 Faculty Members & Staff
- Approximately 2.8-Miles from The U.S. Army Reserve Base Newark – The Brand-New 42,000 Square Feet Facility Opened in Late 2022 and Supports More Than 300 Soldiers & Numerous Staff