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Property profile & analytics
FOR LEASE
Grocery and convenience stores

379 E Chestnut Hill Rd Newark, DE 19713

1,320 SF 15.48 ac lot Built 2005
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0187141
Property summary
AI-generated overview

This exceptional retail opportunity presents two available spaces within the vibrant Chestnut Hill Plaza shopping center in Newark, Delaware. Located at 379 E Chestnut Hill Rd, this single-story Class B property boasts a total of 201,305 square feet situated on a substantial 15.48-acre lot (674,371 sq ft). Each of the two available suites offers a flexible footprint ranging from 6,000 to 7,000 square feet, perfect for a variety of retail uses. The property underwent renovations in 2022, ensuring modern amenities for tenants. Ample parking is available for customers and employees, complemented by ample power supply. The property is zoned for commercial use and conveniently located at the intersection of Chestnut Hill Road and Marrows Road in the Northern New Castle County submarket of Newark, Delaware. The property's APN is 1100620109, and it's situated in New Castle County, Delaware, zip code 19713. This high-traffic location within a thriving shopping center offers excellent visibility and accessibility, making it an ideal investment for discerning businesses seeking a strong presence in the Newark market. The property's multiple tenancy structure provides a diverse and dynamic environment.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2005
Construction CONCRETE
Total area 1,320 SF
Lot 15.48 ac (674,309 SF)
Zoning code CR
APN 11-006.20-109
UPID US17-0187141
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
  • Verizon Mobile Phone Store Electronics & Wireless Store
  • Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
  • Cellular Sales EP-CH Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Delaware Restaurants LLC · 3 yrs held
Delaware Restaurants LLC
since 2023
6 recorded transactions
2023
Price N/A
2019
Price N/A
2019
Price N/A
2016
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
CR · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source BILL NO
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