Freestanding Restaurant
307 Rocky Run Pkwy, Wilmington, DE 19803
For Sale
Contact for pricing
Restaurant space with dual pylon signage and parking areas serving the front and rear of the property.
Property Size6,317 SF
Lot Size1.46 Acres
Price / SF$0.01
Days on Market50
Property Features for 307 Rocky Run Pkwy
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Pylon Signage
Traffic Count
Building Details
Building Size
Year Built
Buildings
Properties For Sale
at 307 Rocky Run Pkwy
307 Rocky Run Parkway
Size
6,317 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty / CORFAC International
Listed By:
Jim Tancredi · License #DE#0022056
(302) 414-1000
Source:
Lmtcre
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 6 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LMT Commercial Realty / CORFAC International
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Investment Insights
Based on property information with market context.
This freestanding restaurant property includes approximately 6,317 SF of building area on 1.46 acres. The building was constructed in 1993 and was formerly operated as a Greene Turtle Sports Bar & Grill. Existing restaurant improvements are complemented by two separate pylon signs and parking areas positioned at both the front and rear of the site.
The property is located at 307 Rocky Run Pkwy within Brandywine Commons Center, just off Concord Pike in Wilmington. Concord Pike carries approximately 41,312 VPD, and the surrounding center includes Red Lobster, Olive Garden, and TGI Friday’s. The site’s restaurant configuration, signage infrastructure, and established commercial setting support continued food-service use.
The property is located at 307 Rocky Run Pkwy within Brandywine Commons Center, just off Concord Pike in Wilmington. Concord Pike carries approximately 41,312 VPD, and the surrounding center includes Red Lobster, Olive Garden, and TGI Friday’s. The site’s restaurant configuration, signage infrastructure, and established commercial setting support continued food-service use.
Key Highlights
- Approximately 6,317 +/- SF freestanding restaurant building
- 1.46 +/- acres
- Two separate pylon signs provide on‑site signage opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,101
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,020
$1.6M
Cap Rate 7%
$1,158,586
$1.2M
Cap Rate 9%
$901,122
$901.1K
Market Conditions
NOI Build-Up for 6,317 SF
Gross rent
$113.7K $18.00/SF
− Vacancy
−$5.6K −$0.88/SF
EGI
$108.1K $17.12/SF
− OpEx
−$27.0K −$4.28/SF
NOI
$81.1K $12.84/SF
Area
New Castle County, DE
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,020
Cap Rate 7%
$1,158,586
Cap Rate 9%
$901,122
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,101 @ 7.0% cap · market cap 249,541.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,768 @ 7.0% cap · market cap 325,440.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
41,312 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
364k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 47%
Groceries 21%
Shops & Services 15%
Dining 11%
Boscov's
Apparel
66,475 visits/mo
0.5 miles
Wawa
Shops & Services
51,580 visits/mo
0.5 miles
Kohl's
Apparel
45,737 visits/mo
0.0 miles
ShopRite
Groceries
39,966 visits/mo
0.3 miles
Giant
Groceries
34,901 visits/mo
0.5 miles
Demographics for 19803, DE
21,886
Population
8,900
Households
2.5
Avg Household Size
47
Median Age
61%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
1,723
Density / Sq Mi
$133,941
Median Household Income
$73,611
Median Earnings
$1,736
Median Rent
$436,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Conventional restaurants in New Castle County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with dual pylon signage and parking areas serving the front and rear of the property.
Where is this conventional restaurant located?
The property is located at 307 Rocky Run Pkwy Wilmington, DE.
What are key features of this property?
This property features: Approximately 6,317 +/- SF freestanding restaurant building; 1.46 +/- acres; Two separate pylon signs provide on‑site signage opportunities
