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Investment Highlights

  • Located within Delaware's rapidly growing MOT (Middletown-Odessa-Townsend) corridor
  • Significant residential development continues to fuel population and consumer spending growth
  • Convenient access to Route 1, Route 13, and U.S. 301
  • Significant residential development continues to fuel population and consumer spending growth
  • Strategic location serving both New Castle and Kent County markets

Executive Summary

Situated at the signalized intersection of Summit Bridge Road and Pine Tree Road in Townsend, Delaware, this ±9,999 SF commercial investment property offers a rare opportunity to acquire an asset within one of the state's fastest-growing residential and commercial corridors. Positioned on approximately 1.70 acres with over 214 feet of frontage, the property benefits from exceptional visibility and exposure along a major growth route serving the rapidly expanding Middletown–Odessa–Townsend market.
Continued residential development, population growth, and increasing consumer demand have fueled strong market fundamentals, supporting long-term value appreciation and tenant demand. With convenient access to Route 13 and regional connectivity to Wilmington, Dover, and Maryland, the property is strategically located to serve a broad trade area and represents an attractive investment opportunity in a high-growth Delaware market.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,999 SF
Building Class
C
Year Built
2007
Price
$3,111,111
Price Per SF
$311.14
Cap Rate
6.75%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.70 AC
Zoning
25C
Parking
25 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
214’ on Summit Bridge Rd

Amenities

  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
25-002.00-094
Land Assessment
$340,000
Improvements Assessment
$1,647,100
Total Assessment
$1,987,100
  • Listing ID: 40832399

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 5999 Summit Bridge Rd, Townsend, DE 19734

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