774 Christiana Rd Newark, DE 19713

The property is a multi-specialty medical facility occupied by Delaware Outpatient Surgery Center (DOCS), located within the Neuroscience & Surgery Institute on Christiana Road in Newark, Delaware. DOCS is part of the Surgery Partners network, which includes over 4,600 affiliated physicians across more than 200 locations nationwide, serving over 600,000 patients annually. The center is home to more than 50 board-certified physicians and is known for its medical technology and patient care. The tenant has extended its lease for 10 years with two 5-year renewal options. The lease is corporately guaranteed by Minimally Invasive Surgical and Neuroscience Center, LLC, a subsidiary of Surgery Partners, Inc. The NNN lease includes annual CPI rental increases, capped at 3% per year. The tenant will undergo $600,000 in renovations to transform the facility into a surgical center. The property is located in a region with access to major highways and high traffic counts of 48,940 VPD on Christiana Road, near ChristianaCare healthcare campuses, Bank of America Corporate Campus, and the University of Delaware. The surrounding medical tenants include ChristianaCare, Pivot Physical Therapy, and Delaware Neurosurgical Group. The property is located in a densely populated area with over 199,000 people living within 5 miles and an average household income over $109,000. The property size is 14,087 square feet.