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432 Frederica Rd
Frederica, DE 19946

Asbury Square · Property For Lease

HIGHLIGHTS

  • Traffic Counts: 44,979 VPD (Route 1)
  • Town of Milford just 4 miles south- a rapidly expanding population base
  • Excellent visibility and exposure from a 4,000'+ length of Route 1
  • New 440,000sf , 150+ room, Bayhealth Regional Medical Center in south Milford
  • Nearly 900' of direct road frontage along southbound Route 1
  • Ingress/egress will be from Frederica Road at a point just north of the Route 1/Frederica Road interchange

PROPERTY FACTS

Property Type Retail
Property Subtype Storefront Retail/Office
Gross Leasable Area 35,000 SF
Year Built 2019

ABOUT THE PROPERTY

Asbury Square is a +/-21 acre retail, dining and hospitality project postioned on the east side of Frederica Road and the west side of Route 1, just north of the new south Frederica interchange. The property is located inside the Frederica town limits directly across Route 1 from DE TURF, Kent County's new regional sports complex. DE TURF is the largest all-synthetic turf sports complex in the Mid-Atlantic. The sports facility does not offer on-site dormitory accommodations or provide many dining options which creates significant demand for these services. With its close proximity to DE TURF, and the new interchange providing access to the sports complex, Asbury Square is perfectly positioned to accommodate hotels, restaurants and convenience/fuel users to service the increasing traffic related to both transient travelers and sports complex attendees. Springhill Suites by Marriot has been secured in the project, and construction on the 88-room hotel is expected to commence in late 2021.

  • Listing ID: 22711306

  • Date on Market: 4/12/2021

  • Last Updated:

  • Address: 432 Frederica Rd, Frederica, DE 19946