Property profile

1400 N Dupont Hwy New Castle, DE 19720

FOR LEASE
Community centers
Property ID
US17-0143541
43,833 SF 5.08 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store
  • Auto Repair Shop
  • Loan Service
  • Shopping Center & Mall
  • Atm

Location

1400 N Dupont Hwy New Castle, DE 19720
New Castle metro Census 15100 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$950k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2019
Price N/A

Zoning & alternative use

CR · New Castle, DE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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