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Property profile & analytics
FOR LEASE
Retail space

5810 Kirkwood Hwy Wilmington, DE 19808

22,094 SF 2.05 ac lot Built 1972
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US17-0506035
Property summary
AI-generated overview

Kirkwood Square Shopping Center, located at 5810 Kirkwood Highway in Wilmington, Delaware (zip code 19808), presents a compelling retail investment opportunity. This 19,749 square foot strip center boasts a highly visible location at the well-lit intersection of Kirkwood Highway and Delaware Park Drive, ensuring excellent accessibility and exposure. The property is zoned CN (Commercial Neighborhood) within New Castle County. The center currently offers three available suites, ranging from a minimum of 1,750 square feet to a maximum contiguous space of 15,521 square feet. A total of 23,021 square feet is currently vacant, presenting significant potential for expansion or new tenancy. The property features abundant parking for customer convenience. Tenants benefit from prominent pylon signage on two separate structures, maximizing visibility and brand recognition. Lease terms are based on a modified gross rent structure, offering a simplified and potentially more attractive option for prospective tenants. This prime retail location in a thriving Wilmington neighborhood offers an exceptional opportunity for businesses seeking high visibility and convenient access.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction CONCRETE
Total area 22,094 SF
Lot 2.05 ac (89,298 SF)
Zoning code CN
APN 08-049.40-024
UPID US17-0506035
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DESTINY CALLING ACADEMY High School
  • Destiny Driven Ministries Church Mosque
  • Herche Musical Instruments Production Facility
  • Herche Music (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.29M
Owner & transaction history
Parkway Gravel INC · 9 yrs held
Parkway Gravel INC
since 2017
3 recorded transactions
2017
Price N/A
2005
$10
1969
Price N/A
Zoning & alternative use
CN · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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