316 Auto Park Dr Middletown, DE 19709
Brewery with long-term lease in a dominant retail corridor.
Property size:
7,300 SFProperty Features for 316 Auto Park Dr
General Information
- Standard status
- Active
- Size
- 7,300 SF
Source:
Cbre
Listing Agent: Richard Brehaut
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Brewery in Retail Corridor
This 7,300 square foot property is strategically located in a dominant retail corridor, across from Westown Shopping Center, which attracts over 6 million annual visitors and features national retailers such as Walmart Supercenter, Michaels, Marshalls, Kohl’s, HomeGoods, Ashley Furniture, and ALDI. Other major retailers in the area include The Home Depot, Lowe’s, Sprouts, and Target. The property is also located across the street from a new Amazon Fulfillment Center, a facility employing over 1,600 people. The property benefits from excellent site-level visibility and attractive demographics, with traffic counts of 29,035 vehicles per day on the adjacent Middletown Warwick Rd. The area has experienced strong population growth, with a 1.1% annual increase to the 1-mile population over the last 5 years. The average household income surpasses $128,000 within a 3-mile radius. The property is surrounded by 13 different single-family and multi-family residential developments. The property is currently occupied by Crooked Hammock Brewery, a family-friendly brewery, restaurant, and beer garden. The Middletown location features a 15-barrel brewhouse and a backyard with games. Crooked Hammock is owned by La Vida Hospitality. At closing, the tenant will execute a new 20-25-year Absolute Triple Net (NNN) lease with 2% annual increases.
Location Intelligence
Current Use by Public Records
Crooked Hammock Brewery
Nightclub
Similar Places Nearby
Taco Reho - Middletown, Cigar Sessions, The Greene Turtle Sports Bar & Grille, Two Stones Pub Middletown, Grotto Pizza
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- New Castle
- State
- Delaware
- Longitude
- -75.7325245
- Latitude
- 39.4436478
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Brewery with long-term lease in a dominant retail corridor.
Where is this bar & pub located?
The property is located at 316 Auto Park Dr Middletown, DE.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: - Long-term (20-25 year) absolute triple net (NNN) lease with zero landlord obligations.; - Enjoy positive income growth with 2% annual rent increases.; - Located across from Westown Shopping Center with over 6 million annual visitors and major national retailers.
