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Property profile & analytics
OFF-MARKET
Lifestyle centers

1 University Dr Newark, DE 19702

Property ID
Property summary
AI-generated overview

University Plaza Shopping Center, located at 1 University Dr, Newark, DE 19702, offers exceptional retail space for lease in a prime New Castle County location. This Class A shopping center features multiple tenancies, providing a vibrant and diverse retail environment. Currently, two spaces are available, offering flexible sizes ranging from approximately 4,000 square feet to 29,386 square feet, allowing for a variety of business needs. The property's strategic location in Newark, Delaware, ensures high visibility and accessibility for customers. The address, 1 University Dr, provides convenient access to major roadways and a substantial customer base. The available spaces present a unique opportunity for businesses seeking a prominent location within a thriving retail center. The property type is retail, specifically a shopping center, making it ideal for a range of retail concepts. The building's Class A designation reflects its high-quality construction and modern amenities. With approximately 4,785 square feet currently available for lease, this presents a significant opportunity for expansion or establishment of a new business in a high-traffic area. The property's location within New Castle County, Delaware, offers access to a strong local economy and a large consumer market. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces.

Property profile
Verified
Property type Lifestyle centers
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Primo Water Exchange Big Box & Wholesale Store
  • ACME Markets Grocery & Convenience Store Food Market
  • Citizens Supermarket Branch Bank Loan Service
  • Citizens Bank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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