US Route 13 and Clark Street
Harrington, DE
Retail for Sale - $5,567,567 - 14,820 Sq. Ft. on 1.97 acres
Property Info
| CIMLS# | 123398 |
| Location US Route 13 and Clark Street Harrington DE 19952 | |
| Updated | September 23rd, 2010 |
| Type | Retail |
| Price | $5,567,567 |
| Building | 14,820 Sq. Ft. |
| Land | 1.97 acres |
Property Description
The subject property is located in Harrington, Delaware which is located approximately 17 miles south of Dover, the state
Financials
Marcus & Millichap is pleased to exclusively present this newly-constructed Walgreens situated along Route 13 (Dupont Highway) in Harrington, Delaware. Rent is scheduled to commence in September 2010 on a new 25-year absolute net lease. This new Walgreens store is a relocation from an inline store, a Happy Harry's Pharmacy, a concept which is wholly owned by Walgreens. The Happy Harry's location is inline in the Food Lion anchored center immediately caddy-corner to the subject property in the Harrington Midway Park Center. Upon opening at the subject property, Walgreens will close the Happy Harry's location, effectively funneling its existing customer base to this new and highly-accessible location. This new Walgreens is situated in between the northbound and southbound lanes of Route 13 (Dupont Highway), allowing easy access and excellent visibility which will boost Walgreens' sale in this town significantly. This store is ideal for the investor who values strength of credit, as Walgreens has a rating of "A+" by Standard & Poor's and the "relocation" aspect of this location.
Contact Agent for Full Offering Memorandum.