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481 Stanton Christiana Rd
Newark, DE 19713
Casa Kahlo (Former Colbie's Southern Chicken) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newly executed 10-year NNN ground lease with 15% rent increases every five years.
- Surrounded by top-performing retail centers, including Christiana Mall and Christiana Fashion Center.
- Tenant is a growing Mexican restaurant concept with personal guarantees from experienced operators.
- Prime location along Stanton Christiana Road with 68,733 vehicles per day and immediate access to I-95.
- Strong demographics with an average household income of $108,288 within one mile and a population exceeding 209,000 within five miles.
- Proximity to major employers and institutions, including JPMorgan Chase, ChristianaCare, and Delaware Technical Community College.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,600 SF
Building Class
C
Year Built
2018
Price
$2,786,113 CAD
Price Per SF
$605.68 CAD
Cap Rate
8.50%
NOI
$236,820 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.20 AC
Zoning
CR
Parking
43 Spaces (9.35 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-018.00-030 | Improvements Assessment | $864,097 CAD |
| Land Assessment | $496,438 CAD | Total Assessment | $1,360,534 CAD |
PROPERTY TAXES
Parcel Number
09-018.00-030
Land Assessment
$496,438 CAD
Improvements Assessment
$864,097 CAD
Total Assessment
$1,360,534 CAD
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