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    FOR LEASE
    Community centers

    1400 N Dupont Hwy, New Castle, DE 19720

    43,833 SF 5.08 ac lot Built 1950
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US17-0143541
    Property summary
    AI-generated overview

    This exceptional retail end-cap space, totaling 18,000 square feet, presents a unique opportunity in the thriving Continental Shopping Center. Located on Dupont Highway, boasting 121 feet of frontage and an impressive 80,000 vehicles per day, this property offers unparalleled visibility and accessibility. Currently configured as an assemblage of three separate spaces (previously occupied by Pep Boys, Caesar's Pizza, and T-Mobile), it provides flexibility for a variety of uses. The individual spaces can be leased separately, with the T-Mobile and Caesar's Pizza spaces totaling 4,658 square feet. The entire 18,000 square foot space will be available in May 2024. Ample parking is available on both the side and rear of the center. The property is zoned CR - Commercial Regional in New Castle County, Delaware. The total building size of the Continental Shopping Center is 44,878 square feet. Annual property taxes are paid separately in September, with the estimated annual tax for this space at $19,259. This prime location, combined with high traffic counts and ample parking, makes this an ideal opportunity for a business seeking significant visibility and accessibility. The cross street is Boulden Boulevard.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1950
    Construction CONCRETE
    Total area 43,833 SF
    Lot 5.08 ac (221,285 SF)
    Zoning code CR
    APN 10-014.00-011
    UPID US17-0143541
    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
    • Furniture Plus Outlet Newcastle DE Furniture & Home Goods Home Decor Store
    • Auto & Tire Max Auto Repair Shop
    • Title Loans New Castle by e-Car Title Loans Loan Service
    • Continental Shopping Center Shopping Center & Mall
    • Cardtronics ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $950k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.34M
    Blend (final) Blend
    $1.15M
    Owner & transaction history
    Maxim Industries LLC · 3 yrs held
    Maxim Industries LLC
    since 2022
    2 recorded transactions
    2022
    2019
    Zoning & alternative use
    CR · New Castle, DE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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