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Walgreens

Hockessin, Delaware

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NNN Pro Group is pleased to present the exclusive listing for the Walgreens located at 2012 Brackenville Road in Hockessin, Delaware. The site consists of roughly 11,916 rentable square feet of building space on an estimated 2.3-acre parcel of land. This property is subject to a long term, triple net (NNN), which expires on February 29, 2028. The current annual rent is $462,360 and is scheduled to increase by 12.5% in each of the 3, 5-year renewal options.

✓ Lease Guaranteed by Walgreen’s Corporate Entity | Former Happy Harry’s Location that was Acquired by Walgreens and Rebranded Due to Strong Store Performance
✓ Large 2.30 Acre Parcel | Located on a Hard Corner and Four-Way Signalized Intersection | Two Modes of Ingress/Egress
✓ Phenomenal Demographics
✓ 3 Mile Radius | 32,700 Residents Earning $156,000 AHHI
✓ 5 Mile Radius | 104,300 Residents Earning $127,700 AHHI
✓ 10 Mile Radius | 467,800 Residents Earning $107,700 AHHI
✓ Excellent Ease of Access and Visibility Off Lancaster Pike and Brackenville Road

Key Details

Price:
$5,779,500
Cap Rate:
8.00%
Annual Rent:
$462,360
Address:
2012 Brackenville Road, Hockessin, Delaware 19707
Lease Type:
Double Net (NN)

Original Lease Term:
20 Years
Lease Commencement:
February 18, 2008
Lease Expiration:
February 29, 2028
Lease Term Remaining:
4 Years
Rental Increases:
12.5% Every Five-Year Option
Lot Size:
2.3 Acres
Building Size:
11,916 SF
Year Built:
2008
Tenant:
Walgreens

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-Pennsylvania, Inc

License: RB-0020899


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