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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F66385ac4-2c0d-4f36-98f8-560f33a986b3%2Feb654edd-e25f-4514-b744-a0e7cbc0851f" onerror="this.style.display='none'" alt="Casa Kahlo Image" style="object-fit: cover; width: 200px;" />
 Retail 
 
 Casa Kahlo
 
 Newark, DE 
 By Marcus &amp; Millichap

 <a href="/user/71cc285c-7005-4369-8fb9-9d98d53b32b1" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Derrick Dougherty</a>
 
 Senior Vice President Investments
 
 
 <a href="tel:215-531-7026" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">215-531-7026</a>
 

 <a href="https://platform.reverecre.com/project/66385ac4-2c0d-4f36-98f8-560f33a986b3" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Associate Director 

Senior Vice President Investments

Associate

GROWING RESTAURANT CONCEPT | FREE STANDING MEXICAN GRILL & BAR

• Original Location (Newark Shopping Center) - 230 E. Main Street (7 Miles Away)

• Personal Guarantee from Restaurant Operators

4,600 SQUARE FOOT RESTAURANT | FEATURING DRIVE-THRU & OUTDOOR DINING AREA

• Dining, Events, Parties, and Catering - Perfect Spot for any Occasion

• Casa Kahlo is Responsible for Restaurant Renovations

STRATEGICALLY SIGNALIZED LOCATION | STANTON CHRISTIANA RD (ROUTE 7)

• 68,733 Vehicles Per Day & Intersects with Major Highways including Interstate 95

• Runs North / South Through New Castle County | Connects PA to US 13

IDEAL RESTAURANT DEMOGRAPHICS | GROWTH MARKET (1.5-2%)

• Average Household Income of $108K in the Immediate Submarket

• Population of 66,000 to 209,000 People within 3-5 Miles of the Site

Sales Team

Casa Kahlo, a growing Mexican grill and bar concept, has executed a 10-year NNN ground lease for a freestanding, second-generation restaurant along Stanton Christiana Road (Route 7), with opening projected for April 2026. Backed by a personal guarantee and expanding from its original Newark location 7 miles away, the site offers strong visibility, 68,733 vehicles per day, and access to Interstate 95 within an established New Castle County corridor.

The Dougherty Team, an elite group of investment sales professionals, focuses exclusively on multi-tenant shopping centers and net-leased investments throughout the United States advising private investors, developers, and institutions in both acquisitions and dispositions. Lead by Derrick Dougherty, a Director of both the National Retail Group and the Net-Leased Properties Group of Marcus & Millichap, Derrick has consistently ranked amongst the firm's top agents.His professional career started with Marcus & Millichap in 2008, where he went on to win Rookie of the Year. Shortly after joining Marcus & Millichap, Derrick partnered up with Mark Taylor and Dean Zang, which would eventually be called TZD Retail (Taylor-Zang-Dougherty). Collectively, they built one of the most reputable and active retail investment teams on the east coast. In their last two years of partnership, TZD Retail brokered 200+ transactions and $1 billion in investment properties across the country. In 2017, Derrick was presented an opportunity to form The Dougherty Team, based in Philadelphia, PA. His partners are Scott Woodard, Steve Garthwaite, and Mark Krantz. The Dougherty Team has quickly become one of the most well-respected retail teams in the industry. In 2019, The Dougherty Team listed and closed 37 transactions on a national, regional and local level.As a Delaware County, Pa. native, Derrick is a graduate of Cardinal O'Hara high school in Springfield, PA and Lycoming College in Williamsport, Pa., where he played football and basketball. After graduating college, Derrick worked for the Pittsburgh Pirates in their minor league system broadcasting baseball games on the radio in markets throughout the northeastern part of the country. He and his wife, Kristen, have two daughters, Brooklyn and Skylar, and a son, Max. In his spare time, Derrick enjoys traveling with his family, coaching field hockey, and attending college and professional sporting events.

Overview

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