800 West 4th Street, Wilmington, DE
Retail for Sale - $10,449,000 - 85,529 Sq. Ft.
Property Info
| CIMLS# | 455888 |
| Location 800 West 4th Street Wilmington DE 19801 | |
| Updated | May 15th, 2012 |
| Type | Retail |
| Price | $10,449,000 |
| Building | 85,529 Sq. Ft. |
Property Description
An opportunity to acquire a totally renovated center with an outstanding Non-Recourse Loan that is assumable at a very attractive 5.78% , expiring in 2017. Rite Aid and Fresh Grocer have been so sucessfull that Rite Aid expand from a 6,400sf store to a new pad and Fresh Grocer added over 20,000sf to their previous store size. Evidence of their comittment and strong demand for these anchors. Excellent cash on cash return from initial acquisition with upside through rental increases.
Location Description:
Densely populated urban area
Highlights:
>> SUPERLATIVE ASSUMABLE NON-RECOURSE LOAN 5.78%
>> 100% LEASED
>> OVER 36,000 PEOPLE WITHIN 1 MILE
>> MANAGEMENT SIMPLIFIED