NEWARK SHOPPING CENTER

UNDER CONTRACT!

Newark Shopping Center, located in the Philadelphia MSA, is the primary entertainment, food, service and retail community center servicing Newark, Delaware and the University of Delaware, one of the country’s oldest and continuously growing higher learning institutions. Built in 1955 and completely renovated in 2016-2017, the dynamic 145,141 square foot center on 11.9 acres is 94% occupied by 37 diverse tenants serving regional and student consumer needs. At-or-below-market NNN rents with built-in increases offer investors long-term stable and growing cash flow.


type:

Grocery-Anchored University Center

Key Tenants:

Newark Natural Foods, Main Street Cinemas, Wing Stop, Capriotti’s, Dollar Tree, Orangetheory Gym, Goodwill, Fresenius Medical, Enterprise Rent-a-Car, PNC Bank, Rita’s, T-Mobile/Metro PCS, Chase Bank

occupancy:

94%

gla:

145,141 SF

Newark Offering Summary