For Sale: 2 Rehoboth Beach Buildings, Millsboro Dollar General
Two Rehoboth Beach buildings
Location: 45 and 45Â½ Lake Avenue, Rehoboth Beach
Asking price: $1.68 million
Size: 4,536 square feet
Price per square foot: $370.37
Features: Two buildings, individually metered, zoned C-3. Could be used for all retail or retail and two residential rental units, with limited off-street parking. No warranties expressed on HVAC. Of the square footage, 3,232 square feet is on the first and second level and 1,374 square feet is in the basement. Financial projections available.
Contact: Bill Lucks at Sperry Van Ness ““ Miller Commercial Real Estate at 302 703 0377
Dollar General in Millsboro
Location: 26744 John J. Williams Highway, Millsboro, DE 19966
Asking price: $2,194,218
Size: 10,640 square feet
Price per square foot: $206.22
Setting: Millsboro store is located in the center of town, close to major retail and boasts 9,723 vehicles-per-day traffic.
Features: This store is being built as one of Dollar General’s 11,000 stores, with a 15-year lease in place with five five-year renewal options with 10 percent rent increases with each option period. Dollar General will pay the owner $150,304 for the first 15 years, a 6.85 percent return. The store is designed as a Dollar General Plus, with more cooler and freezer space than other Dollar Generals. General commercial zoning and 57 parking spaces.
Contact: James C. Harrison III of Cypress Real Estate Partners at 803-834-7014.