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25 Milltown Rd 1,100 SF of Office/Retail Space Available in Wilmington, DE 19808
HIGHLIGHTS
- Strategic, high-traffic location
- Cost-effective, move-in ready space
- Ideal for small businesses
- Surrounded by a dense, established customer base
- Strong signage opportunity
- Proximity to amenities (Midway Plaza, Prices Corner, and a variety of dining options)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,100 SF | Negotiable | $27.65 CAD/SF/YR $2.30 CAD/SF/MO $30,415 CAD/YR $2,535 CAD/MO | Plus All Utilities |
1st Floor
Lease Rate: $1,850/Month
- Listed lease rate plus proportional share of utilities
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,100 SF | Gross Leasable Area | 2,904 SF |
| Property Type | Retail | Year Built | 1973 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 5.17/1,000 SF |
| Total Space Available | 1,100 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 2,904 SF |
| Year Built | 1973 |
| Parking Ratio | 5.17/1,000 SF |
ABOUT THE PROPERTY
Now available for lease, this ±1,100 SF office space offers a highly visible location on Milltown Road, just off Kirkwood Highway in Wilmington. Previously occupied by an insurance agency, the suite is well-suited for general office use and features a functional layout that includes a welcoming reception area, three private offices, a restroom, a sink with storage, and an additional large storage closet. Positioned in a high-traffic area with excellent signage opportunities, the property provides easy access to major thoroughfares, including Route 2, Route 7, and Route 141, and is surrounded by established residential neighborhoods and popular retail centers. This is a great opportunity for a small business or professional service provider seeking an efficient office space in a prime suburban location.
- Signage
NEARBY MAJOR RETAILERS
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25 Milltown Rd
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