Aaron's - Portsmouth, OH
3050 Walnut St, Portsmouth, OH, 45662, US
₫38,018,723,000 | 996 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 34346 Carpenters Way in Lewes, Delaware (“Property” or “Asset”). Fulton Bank is operating on a 15-year absolute NNN lease with ±13.0 years of primary lease term remaining, 2.25% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.
DE Broker of Record: Blaise Fletcher - DE License #: RB-0020213
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Attributes
Asking price
₫24,054,813,000
Cap rate
6%
NOI
₫1,442,578,000
WAULT
13 years
Building area net
281 m²
Land area gross
0.62 ha
Media
Investment Highlights
- Absolute NNN lease with ±13.0 years of primary lease term remaining
- Rare 2.25% annual rent escalations
- Fulton Bank carries investment grade credit ratings of 'A' from Morningstar DBRS and 'Baa1' from Moody's
- Strong demand characteristics driven by 5-mile AHHI of $131K
- 67,000 vehicles per day along major north-south corridor
- Lewes is one of the principal cities of Delaware's rapidly growing Cape Region
Contact brokers
Fulton Bank - Lewes, DE (0 Properties)
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Last updated
27 Apr 2026
