1400a Dupont Hwy New Castle, DE 19720
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1400a Dupont Hwy
- Property type
- Retail properties
Description
This exceptional 1,650 square foot retail space is located in the Continental Shopping Center in New Castle, Delaware, at 1400a N Dupont Hwy, 19720. Boasting a highly desirable location on the northbound side of Dupont Highway, just south of I-295, this property offers unparalleled visibility and accessibility to a large customer base traveling north and south. The space is currently available as a single-tenant occupancy, presenting a unique opportunity for a variety of retail businesses. Benefiting from a long history of successful tenants, this space is ready for immediate occupancy. While no existing hood or restaurant equipment remains, the property is equipped with a grease trap and gas lines, making it ideally suited for food-related businesses requiring these utilities. The tenant will be responsible for completing the build-out to their specifications. The monthly occupancy costs include a base rent of $2,200, common area maintenance (CAM) charges of $282, resulting in a subtotal of $2,482. Annual rent increases of 3% are in place. Additionally, annual property taxes, estimated at approximately $1.25 per square foot, amount to $2,063 annually. A security deposit of $7,000 and a personal guarantee are required. This is the last available space in the Continental Shopping Center, making this a truly exceptional opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Castle
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5822
- Latitude
- 39.6891