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Former Restaurant With Patio Space Available 701 Ace Memorial Dr 2,040 SF of Retail Space Available in Hockessin, DE 19707
Highlights
- Existing restaurant infrastructure in place
- Option to purchase furniture, fixtures, kitchen, and catering equipment
- End-cap with patio
- Located in the affluent Hockessin market with strong surrounding demographics
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 701 | 2,040 SF | Negotiable | $34.73 CAD/SF/YR $2.89 CAD/SF/MO $70,849 CAD/YR $5,904 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 701
Rare opportunity to lease a former end-cap restaurant with patio space in Hockessin, Delaware. The space is available with the option to purchase the existing furniture, fixtures, kitchen, and catering equipment, providing a streamlined path to opening your restaurant or food service concept. Well-suited for owner-operators, expanding brands, or catering businesses seeking a turnkey location in a highly desirable market.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Freezer Space
- Smoke Detector
- Existing restaurant infrastructure in place
- End-cap with patio
- Option to purchase FF&E
- Located in the affluent Hockessin market
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 Former Restaurant With Patio Space Available
- Tenant
- Description
- US Locations
- Reach
- Cigar-ette City
- -
- 1
- -
- Hockessin Liquors
- Liquor
- 1
- Local
- Los Taquitos De Puebla II
- Restaurant
- 2
- Local
- Luigi's Cafe
- Restaurant
- 1
- Local
- Okura Japanese Restaurant
- Restaurant
- 1
- Local
- Throwbacks Sports Lounge
- Cocktail Bar
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Cigar-ette City | - | 1 | - |
| Hockessin Liquors | Liquor | 1 | Local |
| Los Taquitos De Puebla II | Restaurant | 2 | Local |
| Luigi's Cafe | Restaurant | 1 | Local |
| Okura Japanese Restaurant | Restaurant | 1 | Local |
| Throwbacks Sports Lounge | Cocktail Bar | 1 | Local |
Property Facts
| Total Space Available | 2,040 SF | Gross Leasable Area | 26,167 SF |
| Property Type | Retail | Year Built | 1999 |
| Property Subtype | Freestanding | Parking Ratio | 4.62/1,000 SF |
| Total Space Available | 2,040 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 26,167 SF |
| Year Built | 1999 |
| Parking Ratio | 4.62/1,000 SF |
About the Property
Rare opportunity to lease a former end-cap restaurant with patio space in Hockessin, Delaware. The space is available with the option to purchase the existing furniture, fixtures, kitchen, and catering equipment, providing a streamlined path to opening your restaurant or food service concept. Well-suited for owner-operators, expanding brands, or catering businesses seeking a turnkey location in a highly desirable market.
- Freeway Visibility
- Pylon Sign
Nearby Major Retailers
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Former Restaurant With Patio Space Available | 701 Ace Memorial Dr
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