457 Stanton Christiana Rd - Convenience Store FOR SALE


Newark, DE 19713
$5,000,000 USD
215-531-7026
457 Stanton Christiana Rd, Newark, DE for Sale
$5,000,000 USD
Convenience Store - FOR SALE
1/4
null | 5.5% Cap Rate

457 Stanton Christiana Rd
Newark, DE 19713


HIGHLIGHTS

  • Long-term NNN ground lease with 13 years remaining and 10% rent increases every five years.
  • Corporate-guaranteed lease by Royal Farms, a leading regional convenience store operator with 300+ locations.
  • Prime location along Route 7 with 68,733 vehicles per day and direct access to I-95.
  • Modern 2018 construction with 20 fueling positions and strong residual value.
  • Surrounded by major retail destinations, healthcare systems, and corporate campuses driving consistent traffic.
  • High-income demographics with an average household income of $108,000 within one mile.

OVERVIEW

This offering presents a premier single-tenant Royal Farms convenience store and fueling station located at 457 Stanton Christiana Road in Newark, Delaware. Built in 2018, the property sits on 1.85 acres and features a modern 5,371-square-foot building with 20 fueling positions. The asset is secured by a long-term absolute NNN ground lease with 13 years remaining and four 5-year renewal options, providing investors with stable, predictable income and zero landlord responsibilities. The lease includes 10% rent escalations every five years, enhancing long-term cash flow. Strategically positioned along Route 7 with 68,733 vehicles per day, the property benefits from exceptional visibility and access to major highways, including Interstate 95. The surrounding trade area is a thriving retail submarket anchored by Christiana Mall, Christiana Town Center, and multiple national retailers, generating strong consumer traffic. The immediate area boasts robust demographics, with an average household income exceeding $108,000 within one mile and a population of over 209,000 within five miles. Nearby economic drivers include JPMorgan Chase’s 10,000+ employee campus, ChristianaCare Hospital, and Delaware Technical Community College. Royal Farms, a privately held regional chain with over 300 locations, guarantees the lease, offering strong credit-backed security. This investment combines a high-performing location, long-term lease stability, and a corporate-backed tenant, making it an ideal opportunity for investors seeking passive income and portfolio diversification.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$931 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Farms

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

CR-UDC

APN/PARCEL ID

09-018.00-030

ASK ABOUT THIS PROPERTY

Derrick DoughertyDougherty And Partners of Marcus & MillichapMore Info
215-531-7026

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Derrick DoughertyDougherty And Partners of Marcus & MillichapMore Info
215-531-7026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.