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: ±15.40 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 15 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
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643