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40 Geoffrey Dr
Newark, DE 19713
Dunkin'/KPOT Restaurant · Retail Property For Sale
Investment Highlights
- Dunkin' has been successfully operating in this location since 2007; recently signed ten year lease extension, showing further commitment to the site
- One mile from the interchange of Stanton-Christiana Road (SR-7) and the Delaware Turnpike (I-95) (200,000 VPD)
- Dunkin's lease features a 10% rent increase in Year 6 and each option period while KPOT's lease features a 10% rent increase in Year 6 and Year 10
- KPOT recently signed a brand new 11-year lease with two, five-year options to renew
- Excellent frontage at a signalized intersection on Churchmans Road (25,826 VPD), visible from elevated traffic on Stanton-Christiana Road (57,093 VPD)
- Strategically located in close proximity to millions of square feet of retail space and dozens of high profile national tenants
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,858 SF
Building Class
C
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.77 AC
Zoning
CR
Parking
72 Spaces (7.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 09-018.00-058 | Improvements Assessment | $1,158,900 |
| Land Assessment | $609,400 | Total Assessment | $1,768,300 |
Property Taxes
Parcel Number
09-018.00-058
Land Assessment
$609,400
Improvements Assessment
$1,158,900
Total Assessment
$1,768,300
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