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Fairfield Shopping Center 401 New London Rd 2,200 - 4,700 SF of Retail Space Available in Newark, DE 19711
HIGHLIGHTS
- Parking: 271 spaces
- Traffic Counts: 14,382 VPD
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 3 | 2,200 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 5 | 2,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
401-417 New London Rd - 1st Floor - Ste 3
- Located in-line with other retail
401-417 New London Rd - 1st Floor - Ste 5
- Located in-line with other retail
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 | 4,700 SF | Gross Leasable Area | 55,542 SF |
| Center Type | Neighborhood Center | Total Land Area | 4.85 AC |
| Parking | 164 Spaces | Year Built | 1972 |
| Stores | 13 | Cross Streets | New London Rd & Rte 896 |
| Center Properties | 1 |
| Total Space Available | 4,700 SF |
| Center Type | Neighborhood Center |
| Parking | 164 Spaces |
| Stores | 13 |
| Center Properties | 1 |
| Gross Leasable Area | 55,542 SF |
| Total Land Area | 4.85 AC |
| Year Built | 1972 |
| Cross Streets | New London Rd & Rte 896 |
ABOUT THE PROPERTY
Welcome to Fairfield Shopping Center, a strategically positioned neighborhood strip center spanning 58,346 SF. Situated at the signalized intersection of Route 896 (New London Road) and Country Club Drive, this center offers unparalleled visibility and accessibility in Newark, Delaware. Fairfield Shopping Center is not only a hub for the University population but also for the wider Newark community. Surrounded by well-established residential neighborhoods boasting an average household income exceeding $110,000, your business will thrive in this affluent area. Moreover, Route 896 serves as a major artery, drawing shoppers from the affluent regions of Southeast Chester County in Pennsylvania, all eager to take advantage of tax-free shopping in Delaware.
NEARBY MAJOR RETAILERS
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Fairfield Shopping Center | 401 New London Rd
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