Restaurant
Casa Kahlo (Former Colbie's)
481 Stanton Christiana Rd, Newark, DE 19713
Listing Price: $2,011,765
Cap Rate
8.50%
Tenant Name
Casa Kahlo
Years Remaining On Lease
10.2
Guarantor
Personal Guarantee
Rentable SF
4,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.17
Investment Overview
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
Investment Highlights
- GROWING RESTAURANT CONCEPT - CASA KAHLO | FREE STANDING MEXICAN GRILL & BAR
- NEWLY EXECUTED 10 YEAR LEASE - "NNN" GROUND LEASE WITH 15% RENT INCREASES EVERY 5 YEARS
- 4,600 SQUARE FOOT RESTAURANT | FEATURING DRIVE-THRU & OUTDOOR DINING AREA
- STRATEGICALLY SIGNALIZED LOCATION | STANTON CHRISTIANA RD (ROUTE 7)
Listing Price: $2,011,765
Cap Rate
8.50%
Tenant Name
Casa Kahlo
Years Remaining On Lease
10.2
Guarantor
Personal Guarantee
Rentable SF
4,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.17
Investment Highlights
- GROWING RESTAURANT CONCEPT - CASA KAHLO | FREE STANDING MEXICAN GRILL & BAR
- NEWLY EXECUTED 10 YEAR LEASE - "NNN" GROUND LEASE WITH 15% RENT INCREASES EVERY 5 YEARS
- 4,600 SQUARE FOOT RESTAURANT | FEATURING DRIVE-THRU & OUTDOOR DINING AREA
- STRATEGICALLY SIGNALIZED LOCATION | STANTON CHRISTIANA RD (ROUTE 7)
Investment Overview
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