273 Rte Newark, DE 19702
This exceptional 194,171 square foot shopping center, located in Newark, Delaware, presents a rare investment opportunity. Situated on Route 273 in New Castle County (zip code 19702), this retail property boasts unparalleled regional accessibility due to its proximity to major roadways, including I-95 and DE Route 1. The center serves a substantial population base, with 280,000 people residing within a 15-minute drive. This high barrier-to-entry market makes this a particularly attractive proposition for discerning investors. A key feature of this property is a readily available 7,500 square foot second-generation restaurant space, perfect for a variety of culinary concepts. The property's strategic location and substantial size offer significant potential for growth and strong returns. The center's established presence within a thriving community ensures a consistent flow of customers, making it an ideal location for a diverse range of retail businesses. This is a unique chance to acquire a well-positioned asset in a highly desirable market. The property's size and location make it an excellent investment opportunity for those seeking a strong return on investment in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.