Duong Investment Group

White Cap – New Castle, DE

1685 River Road, New Castle, DE 19720

Property Description

Price: $10,385,000
Price Per/SF: $112.82
Land Area: ±18.67 Acres
Cap Rate: 6.00%
Gross Leasable Area: ±92,050 SF
Year Built: 1993

Investment Highlights

New 7-Year Lease Extension

Large 92,000+ SF GLA

Rare Annual Increases

Industrial Property in Excellent Condition

  • Location Serves as the Main Hub for White Cap Serving the Markets of Philadelphia and Baltimore
  • Large Lot with Over 18 Acres
  • Multiple Buildings with Drive-In Doors and Loading Docks
  • 20’ Ceiling Clear Heights
  • Tenant has been Operating Successfully at this Location for Over 24 Years

 

Strong Corporate Guarantee

  • NNN Industrial Property with Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market
  • White Cap is a Nationally Recognized Brand with Revenue in Excess of $4 Billion
  • White Cap has Over 450 Locations in the USA and Canada
  • White Cap is the Leading North American Distributor of a Diverse Mix of Concrete Accessories and Specialty Construction and Safety Products

 

Pride of Ownership Property in New Castle, DE

  • Dense, Infill Area with Over 97,000 Residents within 5 Miles of the Subject Property
  • Affluent Area with an Average Household Income Exceeding $117,000 within 2 Miles
  • Located in a Industrial Area with a Brand New 1,350,000 SF Amazon Fulfillment Center Just Built North of the Subject Property

 

Broker of Record: Sean Beuche, Lic #: RB-0031090

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643