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Property profile & analytics
FOR LEASE
Grocery and convenience stores

500 Plaza Dr Newark, DE 19702

72,042 SF 15.86 ac lot Built 2000
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US17-0132234
Property summary
AI-generated overview

Four Seasons Plaza, located at 500 Plaza Drive in Newark, Delaware (zip code 19702), offers a prime retail opportunity. This neighborhood center boasts a total of 134,423 square feet and currently has one available suite measuring 5,500 square feet. The minimum divisible space is 5,500 square feet, and the maximum contiguous space available is also 5,500 square feet. The property sits on 15.86 acres of land and is strategically positioned on Route 40, providing excellent visibility and accessibility between Interstates 95 and 896. This high-traffic location benefits from over 22,000 vehicles passing daily, ensuring significant exposure for businesses. The property is classified as a neighborhood retail center, offering a convenient and accessible shopping experience for the local community. The available space is suitable for a variety of retail uses and presents a unique opportunity for businesses seeking a prominent location in a thriving area of Newark, Delaware. This end-cap and inline space offers high visibility and ample space for a variety of retail concepts. The property's size and location make it an ideal choice for businesses looking to establish a strong presence in the Newark market.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2000
Construction CONCRETE
Total area 72,042 SF
Lot 15.86 ac (690,862 SF)
Zoning code CN
APN 11-017.20-155
UPID US17-0132234
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
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Walgreens #11050 Pharmacy
  • COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.73M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.80M
Owner & transaction history
Costabello LLC · 2 yrs held
Costabello LLC
since 2024
7 recorded transactions
2024
Price N/A
2019
Price N/A
2017
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CN · Newark, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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