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University Plaza 91-290 University Plz 6,253 - 36,253 SF of Retail Space Available in Newark, DE 19702
HIGHLIGHTS
- ±30,000 & ±6,253 SF Available
- Over 195,000 people within 5 miles
- Close Proximity to I-95 and Christiana Mall
- Excellent opportunity in super-regional. tax free market
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 30,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 6,253 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1-280 University Plz - 1st Floor
1-280 University Plz - 1st Floor
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 UNIVERSITY PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Acme Market
- Supermarket
- 161
- Regional
- Burlington Stores
- Dept Store
- 1,536
- National
- Harbor Freight Tools
- Hardware
- 1,847
- National
- Hobby Lobby
- Retailer
- -
- -
- Lumber Liquidators, Inc
- Floor Covering
- 381
- National
- Walgreens
- Drug Store
- 9,268
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Acme Market | Supermarket | 161 | Regional |
| Burlington Stores | Dept Store | 1,536 | National |
| Harbor Freight Tools | Hardware | 1,847 | National |
| Hobby Lobby | Retailer | - | - |
| Lumber Liquidators, Inc | Floor Covering | 381 | National |
| Walgreens | Drug Store | 9,268 | International |
PROPERTY FACTS
| Total Space Available | 36,253 SF | Frontage | 559’ on Christiana Rd |
| Center Type | Community Center | Gross Leasable Area | 231,946 SF |
| Parking | 3317 Spaces | Total Land Area | 151.85 AC |
| Stores | 20 | Year Built | 1971 |
| Center Properties | 7 |
| Total Space Available | 36,253 SF |
| Center Type | Community Center |
| Parking | 3317 Spaces |
| Stores | 20 |
| Center Properties | 7 |
| Frontage | 559’ on Christiana Rd |
| Gross Leasable Area | 231,946 SF |
| Total Land Area | 151.85 AC |
| Year Built | 1971 |
FEATURES AND AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
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University Plaza | 91-290 University Plz
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