Newark Retail for Sale - South New Castle County
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.
