Felton, DE, June 29, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of a Dollar General, a 10,640-square-foot property located at 29 Sandtown Rd, Felton, DE, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $1,815,600.
Jacob Haslach and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, represented the buyer, a private local investor, in this transaction.
“This transaction provided our buyer with an exceptional opportunity to acquire a premier corporate-guaranteed asset featuring an incredibly stable income stream with over 13 years of remaining primary lease term. The strength of the tenant is paired with an attractive hedge against inflation, including 5% rental increases every five years, making it a highly desirable vehicle for long-term wealth preservation,” said Jacob Haslach, Associate Director Investments.
“The property’s strategic fundamentals are heavily amplified by its location just over a mile from the Maryland border, pulling consistent consumer traffic from Maryland residents capitalizing on Delaware’s 0% sales tax. Additionally, the site’s proximity to the Dover Air Force Base, which supports a major regional economic engine of over 12,800 employees, solidifies this Dollar General as a vital retail hub for the submarket. It was an absolute pleasure collaborating with all parties involved, and their proactive communication paved the way for a swift, seamless closing,” added Derrick Dougherty, Senior Managing Director, Investments.
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
