Property Description

Ground Lease: Two highly visible and accessible pad-sites for lease at this amazing location at a brand new (soon-to-be) lighted intersection to better accommodate the constantly increasing amount of traffic in front of this site and located next to a new Residence Inn by Marriott and across the street from Beebe Hospital's health campus. This location is strategically located just 2,000+/- feet away from Rt. 1 offering easy and convenient access at a lighted intersection in addition to a right-in right-out. The site will be delivered with entrances in place. Over the next two years, between the residential, commercial, and institutional investments planned for this corridor approximately a HALF BILLION DOLLARS will have been spent in new development within a half-mile of this site. Over the last decade the state has spent about $100 Million to build two 700+ capacity schools on the same road just to the west of this site, and that is in addition to the amount DelDOT will be spending to dualize Rt. 24 highway by 2022. Beebe Hospital is currently undergoing a $130 Million Dollar expansion directly across the street as seen in the photos. In summary, these pad-sites are right in the middle of all of this growth. Surrounded by residential, hospitality, and institutional uses this is the definition of a prime location