20494 Sussex HwyBridgeville, DE 19933

For Sale
$8,569,720

High-yield, 18-year NNN lease, new construction.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a newly constructed 7-Eleven gas station in Bridgeville, Delaware. Boasting a strong 18.1-year absolute NNN lease (with 16.6 years remaining) commencing June 1, 2023, and expiring June 30, 2041, this property offers significant long-term stability. The lease includes four five-year renewal options and attractive 10% rent bumps every five years. The 4,063 square foot building sits on a 3.09-acre lot and features 12 gas pumps (8 regular, 4 diesel). The property benefits from a 5.00% cap rate, a $428,486 net operating income (NOI), and a $8,569,720 asking price, translating to a price per square foot of $2,109.21. The tenant, 7-Eleven, Inc., is investment grade rated (A), providing exceptional creditworthiness and minimizing landlord responsibilities. Built in 2023, this single-story building is zoned for commercial use and enjoys 100% occupancy since its opening. This is a rare opportunity to acquire a high-performing, low-maintenance asset with substantial long-term growth potential. The property's location at 20494 Sussex Hwy, Bridgeville, DE 19933, ensures high visibility and accessibility.

Highlights

  • 18-Year Absolute NNN Lease with 4 five-year options.
  • Zero Landlord Responsibilities.
  • 10% Rent Increases Every 5 Years, commencing June 1, 2023.
  • Brand New Construction with Accelerated Depreciation Benefits.
  • Corporate Guarantee by Investment Grade (A-rated) 7-Eleven, Inc.
  • Gas Station with 8 regular and 4 diesel pumps.

Property Details for 20494 Sussex Hwy

Property type
Other retail properties, Automotive properties
Square Feet
4,063 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
134,600 SF
Units
1

Location Insight

City
Bridgeville
County
Sussex
State
Delaware
Latitude
38.7007528
Longitude
-75.5897766
20494 Sussex Hwy, Bridgeville, Delaware

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20494 Sussex Hwy
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