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28336708
28336709

481 STANTON CHRISTIANA RD, NEWARK, DE, Newark, DE null

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
JH
PA RS361617
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$2,011,765
200 days on market
Updated 25 days ago

Casa Kahlo (Fomer Colbie's)

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,600
Cap Rate 8.5%
NOI $171,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 03/30/2036
Remaining Term 9.8
Price per SqFt $437
Year Built 2018
Acreage 1.200
Investment Type Net Lease
Lease Commencement 03/31/2026
Ground Lease Yes

Retail | 8.50% CAP | 4,600 SqFt

Investment highlights

GROWING RESTAURANT CONCEPT - CASA KAHLO | FREE STANDING MEXICAN GRILL & BAR

• Original Location (Newark Shopping Center) - 230 E. Main Street Newark, DE (7 Miles Away)(

• Personal Guarantee from Restaurant Operators

NEWLY EXECUTED 10 YEAR LEASE - “NNN” GROUND LEASE WITH 15% RENT INCREASES EVERY 5 YEARS

• Former Colbie’s Chicken Location | 2nd Generation Restaurant Space

• Lease was Executed in Fall 2025 | Opening Projected for Spring 2026 (April)

4,600 SQUARE FOOT RESTAURANT | FEATURING DRIVE-THRU & OUTDOOR DINING AREA

• Dining, Events, Parties, and Catering - Perfect Spot for any Occasion

• Casa Kahlo is Responsible for Restaurant Renovations

STRATEGICALLY SIGNALIZED LOCATION | STANTON CHRISTIANA RD (ROUTE 7)

• 68,733 Vehicles Per Day & Intersects with Major Highways including Interstate 95

• Runs North / South Through New Castle County | Connects PA to US 13

IDEAL RESTAURANT DEMOGRAPHICS | GROWTH MARKET (1.5-2%)

• Average Household Income of $108K in the Immediate Submarket

• Population of 66,000 to 209,000 People within 3-5 Miles of the Site

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
JH
PA RS361617
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$171,000.00
$14,250.00/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Timothy Stephenson
License
DE RB-0031281
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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