727 Philadelphia PikeWilmington, DE 19809

This exceptional five-tenant retail strip center, totaling 16,250 square feet, presents a compelling investment opportunity. Located at 727 Philadelphia Pike in Wilmington, Delaware (zip code 19809), this property boasts a prime location less than one mile from Interstate 95 (61,400 VPD) and Interstate 495 (67,000 VPD), ensuring high visibility and accessibility. The center is 100% occupied, featuring a strong tenant mix including Wawa, Wells Fargo Bank, and Pep Boys, providing a stable income stream. The weighted average tenant tenure is 25 years, with an average lease term remaining of six years. Rent bumps are included in the leases, and lease options are available. Approximately 40% of the tenants are investment-grade credit rated. Wells Fargo recently signed a new 5-year lease. The property sits on a 0.98-acre lot and was renovated in 1983. This fee-simple, NNN investment offers a 7.25% cap rate and a net operating income (NOI) of $309,865, with an asking price of $4,274,000 ($263.02 per square foot). The property benefits from its location within the Philadelphia MSA, a densely populated and affluent area with over 182,000 people and 77,000 households within a five-mile radius, boasting an average household income exceeding $112,000. Wilmington's status as the "Corporate Capital of America" further enhances the property's long-term value, with major corporations like BNY Mellon and Black Rock nearby. This is a rare opportunity to acquire a high-performing, well-located retail investment property with strong, established tenants.