Newly Renovated Office Building

Newly Renovated Office Building | Dover, DE (College Park Drive)


Sands Investment Group is Pleased to Exclusively Offer For Sale a Newly Renovated Office Building With a Variety of Uses Located at 1241 College Park Drive in Dover, DE. Strategically Located Right Outside of Downtown Dover, Deleware in an Opportunity Zone. The Property is Newly Renovated With 12,066 SF of Rentable Space. This a Perfect Move-In Ready Location For a New Owner-User or Tenant(s) to Lease Up, Making This a Unique Investment.

  • Newly Renovated 2-Story Office Building With 12,066 SF of Premium Space in an Opportunity Zone, Completed By a Licensed Architect
  • Renovations Include: New Roof, Modern HVAC, Stylish Siding, Large Windows For Natural Lighting, Updated Electrical and Fire Suppression System
  • Currently Zoned IO (Institutional & Office) Which Allows For Professional Offices With Potential For Retail or Other Various Uses; Subject to City Approval
  • Building Located Within Walking Distance to Delaware State University; Can Be Subdivided Into Two Units of 6,033 SF Each Allowing For a Unique Mix of Various Businesses
  • Located Close to Dover Air Force Base Thus Offering Unique Opportunities For Businesses Connected to Military and Defense Industries
  • The Location Offers Strong Demographics; 5-Mile Population Radius is Over 70,041 Residents With an Average Household Income of More Than $75,131

In Cooperation With Sands Investment Group Delaware, LLC BoR: Tom Gorman – Lic. DE #RB-0031000

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Opportunity Zone Office Building

Opportunity Zone Office Building | Wilmington, DE


Sands Investment Group is Pleased to Present For Sale the Opportunity Zone Office Building Located in Wilmington, Delaware. This Building Features Four Stories, Off-Street Parking, Elevator, and a New Roof. Located in an Opportunity Zone in the Heart of Wilmington’s Central Business District and Surrounded By New Construction Mixed- Use and Multi-Family Projects, the Building Offers a Number of Creative Options For Investors and Developers.

  • 10,000 SF Building With an Additional 2,000 SF of Finished Basement Space
  • Located in an Opportunity Zone in the Heart of Wilmington’s Central Business District (CBD)
  • Surrounded By Several New Construction Multi-Family and Mixed-Use Projects
  • Building Features Four Stories, Off-Street Parking, Elevator, and a New Roof
  • Wilmington is the Largest City in the State of Delaware
  • Wilmington is Home to the U.S. Headquarters of AstraZeneca Pharmaceuticals, DuPont Chemical, Nestle Food, and Johnson Controls
  • Motivated Seller is Open to a Leaseback of a Portion of the Building

In Cooperation With Sands Investment Group Delaware, LLC BOR: Tom Gorman – Lic. DE #RB-0031000

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Red Lobster Absolute NNN

Red Lobster | Talleyville, DE


Sands Investment Group is Pleased to Present For Sale the Red Lobster Absolute NNN Located in Talleyville, Delaware. This Deal Includes a Long-Term Passive Investment With Over 21 Years Remaining on the Lease and Zero Landlord Responsibilities. This Opportunity Serves as the Ideal 1031 Exchange Asset, Providing For a Unique Investment.

  • Absolute Triple Net (NNN) Lease – Zero Landlord Responsibilities
  • Long-Term Passive Investment – With Over 21 Years Remaining on the Lease This Opportunity Serves as the Ideal 1031 Exchange Asset
  • Corporate Guarantor – Red Lobster Was Recently Acquired By Thai Union Group, a Multi-Billion Dollar International Corporation, That Has Seen Year Over Year Profit and Revenue Growth Since the Acquisition
  • Excellent Retail Synergy and Positioning – Located Directly Across the Street From Concord Mall; This Property Sees Tremendous Traffic Counts of Over 51,200 VPD
  • Attractive Rent Escalations – The Rent on This Asset Increases By 2% Annually, Providing the Investor With a Strong Hedge Against Inflation
  • Red Lobster is the World’s Largest Seafood Restaurant With Over 700 Locations Worldwide
  • Proven Commitment – Red Lobster Has Been Operating at This Site Since 2012 and Has Shown Further Commitment to the Site With Renovations
  • National Tenants in the Area – Chick-fil-A, Olive Garden, Wawa, Giant, Courtyard Marriott, CVS Pharmacy, Target and Trader Joes

In Cooperation With Sands Investment Group Delaware, LLC – Lic. #BoR: Tom Gorman – Lic. DE #RB-0031000

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Walgreens Lease

Walgreens | Dover, DE


Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,000 SF Walgreens Lease Investment Opportunity (NASDAQ: WBA) Located at 1215 S State Street in Dover, Delaware. This Investment Provides an Investor With a High Yield, Value-Add, Opportunity to Purchase a Short-Term Drug Store Lease With an Investment Grade Credit (S&P: BBB) and Corporate Guarantee. The Property is Located in Dover, Which is the Capital City of Delaware. This Investment is Surrounded By a Diverse Mix of Economic Drivers Such as the Bayhealth Medical Center, Kent County Courthouse, Dover International Speedway and the Dover International Airforce Base.

  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
  • Multiple 5-Year Options to Extend With Fixed Increases Providing Landlord Leverage on Renewal
  • Excellent Retail Location on a Major Commuter Artery – Daily Traffic Count of Approximately 15,193 VPD
  • Strong Performing Location With an Average of 300 Scripts Filled Per Day
  • Selected By Walgreens as a Drive-Thru COVID Testing Location
  • Hard Corner Location – Signalized Intersection With Multiple Points of Access and Excellent Visibility
  • Walgreen Co., a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA), Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
  • Solid Demographic Profile in Delaware’s Capital City – More Than 82,000 Residents Live Within a 5-Mile Radius Making an Average Household Income of $71,000
  • Surrounded By a Diverse Mix of Economic Drivers Including: the BayHealth Medical Center, Kent County Courthouse, Dover International Speedway and the Dover International Airforce Base
  • Proven Drug Store Location – Walgreens Purchased the Store From Happy Harry’s in 2006 and Has Operated at This Location For the Past 15 Years
In Cooperation With Brittany Danahy | DSM Commercial
DE Lic. # RB-0020210 | 302.227.0768 | bdanahy@dsmre.com

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