SOLD! Grocery-Anchored University Retail and Entertainment | Newark, DE
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 145,416 square foot center on 11.9 acres is 92% occupied by 30 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.