0 Kirkwood Hwy Wilmington, DE 19808
This single-story, 15,400-square-foot retail building in Wilmington, Delaware, presents a unique investment opportunity. Currently occupied by Pep Boys under a long-term ground lease, the property offers 8,894 square feet of vacant space ideal for redevelopment. The existing Pep Boys tenant continues tire and auto repair operations within the building. The former parts sales area, ranging from 3,200 to 11,500 square feet, is now available. Suitable uses include medical facilities (dialysis or plasma centers), childcare, pet daycare, discount retail, furniture stores, hardware stores, and automotive businesses that do not directly compete with the existing tenant's services. Examples of compatible automotive uses include collision centers, auto glass repair, or auto parts stores (excluding those that overlap with Pep Boys' existing offerings). Negotiable cash allowances are available, contingent upon lease terms that ensure a fair return on investment for property improvements. The property is located in New Castle County, Delaware, with convenient access via Kirkwood Highway and a precise address of 3207 Robert Kirkwood Hwy, Wilmington, DE 19808.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.