Closed: Royal Farms in Newark, DE
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Newark, DE, September 11, 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 Royal Farms, a 5,371-square-foot property located at 457 Stanton Christiana Rd, Newark, DE, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $4,800,000.
Derrick Dougherty, Nick Geaneotes, and Jacob Haslach investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a non-profit group, and the buyer, a private investor based in Delaware. "Royal Farms is one of the most respected convenience store brands on the East Coast, and this location is one of its top performers," said Derrick Dougherty, Senior Managing Director Investments. "The store sees about 586,000 visits a year and ranks in the top third of Royal Farms locations nationally."
"This site has strong fundamentals, with 1.85 acres on Route 7 and quick access to I-95," said Nick Geaneotes, Associate Director Investments. "The ground lease has 12 years left with steady rental increases, which made it attractive to investors." "The property is surrounded by top-performing retail, including Christiana Mall and Christiana Fashion Center," said Jacob Haslach, Associate Investments. "Nearby employers like ChristianaCare and J.P. Morgan Chase bring steady traffic to the site every day."
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.
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