Closed: Burger King in Seaford, DE for $2M

Seaford, DE, June 11th, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced today the sale of Burger King, a 2,900-square-foot property located at 24456 Sussex Hwy, Seaford, DE, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $2,000,000.

Jacob Haslach and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, an investor located in Rehoboth Beach, DE. Jacob Haslach and Derrick Dougherty also represented the buyer, a private retail investor.

“This transaction highlights the incredible strength of a dominant fast-food asset with a deep-rooted historical footprint in the Seaford market,” said Jacob Haslach, Associate Director Investments. “The tenant has operated successfully at this location for over 45 years and firmly solidified its long-term commitment to the site by executing a brand-new 20-year NNN lease. Strategically positioned along the high-traffic Sussex Highway retail corridor with over 34,000 vehicles per day, the property benefits from prime visibility and proximity to the upcoming Nylon Capital Center redevelopment. The combination of long-term lease security, strong unit sales, and a growing market made this an exceptionally attractive investment for the buyer,” Haslach added.

“The execution of this deal is a true testament to the transparency and collaborative mindset shared by both the buyer and seller. Strong communication was instrumental in aligning everyone’s goals and navigating the moving parts seamlessly. It was a pleasure partnering with both sides to bring this transaction to a successful close,” said Derrick Dougherty, Senior Managing Director Investments.

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About Marcus & Millichap, Inc. (NYSE: MMI) 

 

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.