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2nd Generation Restaurant For Lease 301 Rocky Run Pky 5,897 SF of Retail Space Available in Wilmington, DE 19803
HIGHLIGHTS
- Condition: Move-in ready; includes existing restaurant infrastructure
- 55,000+ vehicles/day means high exposure and steady potential customer flow
- Proximity to Concord Mall, other retailers, and dense neighborhoods means access to both lunch and dinner crowds
- Parking: Ample shared onsite parking
- Co-tenancy with Olive Garden, Red Lobster, and Brandywine Diner reassures that this is a proven destination for diners
- Concord Pike is considered Wilmington’s “restaurant row,” known for its wide variety of food offerings and consistent consumer demand
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,897 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Former TGI Friday's Restaurant
- Fully Built-Out as a Restaurant or Café Space
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.
SELECT TENANTS AT 2ND GENERATION RESTAURANT FOR LEASE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- TGI Fridays
- Restaurant
- 244
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| TGI Fridays | Restaurant | 244 | International |
PROPERTY FACTS
| Total Space Available | 5,897 SF | Gross Leasable Area | 5,897 SF |
| Property Type | Retail | Year Built | 1983 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Total Space Available | 5,897 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,897 SF |
| Year Built | 1983 |
| Parking Ratio | 10/1,000 SF |
ABOUT THE PROPERTY
This property presents a rare opportunity to lease a fully equipped, second-generation restaurant space in one of Wilmington’s most high-traffic commercial corridors! Located directly on Concord Pike (Route 202), which sees over 55,000 vehicles per day, the site offers unmatched visibility and exposure to both local and regional consumers. The ±6,639 SF freestanding building sits on a ±1.91-acre lot with ample parking and shared co-tenancy alongside established national brands such as Olive Garden, Red Lobster, and The Brandywine Diner, creating powerful cross-traffic and dining destination synergy. The space is move-in ready, with existing restaurant infrastructure in place — ideal for operators looking to avoid long build-out timelines and capitalize on a turn-key setup. Surrounded by dense residential neighborhoods, retail centers, and business districts, the location draws a strong daytime population. Flexible zoning and the lease option make this an exceptional opportunity for a full-service, fast casual, or multi-concept food and beverage operator looking to establish or expand in a proven, high-demand market.
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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2nd Generation Restaurant For Lease | 301 Rocky Run Pky
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