481 Stanton Christiana Rd - Fast Food FOR SALE


Newark, DE 19713
$2,011,765 USD
215-531-7026
481 Stanton Christiana Rd, Newark, DE for Sale
$2,011,765 USD
Fast Food - FOR SALE
1/5
null | 8.5% Cap Rate

481 Stanton Christiana Rd
Newark, DE 19713


HIGHLIGHTS

  • Newly executed 10-year NNN ground lease with 15% rent increases every five years.
  • Prime location along Stanton Christiana Road with 68,733 vehicles per day and immediate access to I-95.
  • Surrounded by top-performing retail centers, including Christiana Mall and Christiana Fashion Center.
  • Strong demographics with an average household income of $108,288 within one mile and a population exceeding 209,000 within five miles.
  • Tenant is a growing Mexican restaurant concept with personal guarantees from experienced operators.
  • Proximity to major employers and institutions, including JPMorgan Chase, ChristianaCare, and Delaware Technical Community College.

OVERVIEW

This offering presents a premier single-tenant net lease investment with Casa Kahlo Mexican Grill & Bar, a growing regional restaurant brand. The property is strategically located at 457 Stanton Christiana Road in Newark, Delaware, a high-traffic corridor with over 68,700 vehicles per day and direct connectivity to Interstate 95. The site benefits from a thriving retail submarket anchored by Christiana Mall, Christiana Fashion Center, and major national retailers such as Target, Costco, and Cabela’s. Casa Kahlo has executed a new 10-year NNN ground lease commencing April 2026, providing investors with a stable income stream and zero landlord responsibilities. The lease includes 15% rent escalations every five years and two five-year renewal options, ensuring long-term growth potential. The tenant is personally guaranteed by experienced operators, further enhancing security. The property sits on a 1.2-acre parcel and features a 4,600-square-foot building with a drive-thru and outdoor dining area. Positioned near major employment hubs, including JPMorgan Chase’s 10,000-employee campus and ChristianaCare Hospital, the location draws from a strong consumer base with an average household income exceeding $108,000 within one mile. This investment combines a high-performing location, a proven operator, and a long-term lease structure, making it an ideal addition to any portfolio.

FOR SALE DETAILS

PRICE

$2,011,765 USD

PRICE/SF

$437 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Kahlo (Former Colbie's Southern Chicken)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

CR

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.