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The Grove at Newark Library Ave
300,000 SF of Retail Space Available in Newark, DE 19711
Highlights
- Located on the edge of the University of Delaware (21,000+ student body)
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 300,000 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
121-461 College Sq - 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 agent 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 The Grove at Newark
- ACME
- WSFS Bank
PROPERTY FACTS FOR Library Ave , Newark, DE 19711
| Centre Type | Community Center | Gross Leasable Area | 300,000 SF |
| Parking | 673 Spaces | Total Land Area | 16.61 AC |
| Stores | 40 | Year Built | 1982 |
| Centre Properties | 1 | Cross Streets | Wyoming Rd |
| Centre Type | Community Center |
| Parking | 673 Spaces |
| Stores | 40 |
| Centre Properties | 1 |
| Gross Leasable Area | 300,000 SF |
| Total Land Area | 16.61 AC |
| Year Built | 1982 |
| Cross Streets | Wyoming Rd |
About the Property
Experience the transformation of College Square Shopping Center to a sophisticated & well-appointed retail location suitable for the best retail applications available! Join other national retailers as College Square is re-established as the focal point of retail shopping in the City of Newark. Opportunities consist of: -Retail pad sites -Drive thru pad sites -Mid-size box space -In-line retail space
- Banking
- Bus Route
- Dedicated Turn Lane
- Pylon Sign
Nearby Major Retailers
Presented by
The Grove at Newark | Library Ave
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