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Retail Investment Opportunity 5999 Summit Bridge Rd 9,999 SF Retail Building Townsend, DE 19734 $3,111,111 ($311.14/SF) 6.75% Cap Rate
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.
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 began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| 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
| Parcel Number | 25-002.00-094 | Improvements Assessment | $1,647,100 |
| Land Assessment | $340,000 | Total Assessment | $1,987,100 |
Property Taxes
Parcel Number
25-002.00-094
Land Assessment
$340,000
Improvements Assessment
$1,647,100
Total Assessment
$1,987,100
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Retail Investment Opportunity | 5999 Summit Bridge Rd