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Penn Mart Shopping Center 1-196 Penn Mart Shoppnig Ctr
1,000 - 30,269 SF of Retail Space Available in New Castle, DE 19720
Highlights
- Major Tenants include Big Lots, Save A lot Food Store, Dollar Tree, PNC Bank, GNC, T-Mobile, Metro PCS, Rainbow Shops, and more.
- The center includes parking for 855 cars for any retail traveler looking to shop in the zero sales tax state.
- High traffic area with almost 90,000 cars traveling at the junction of US - Route 202 and Highway 40 West daily.
- Within 5 miles of this center is a neighborhood with a median age of 39 and household incomes of $67,000.
Space Availability (7)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 14 | 1,266 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $2,110 /MO $25,320 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 17 | 1,600 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $2,667 /MO $32,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 19 | 2,188 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $3,647 /MO $43,760 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 2 | 20,000 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $33,333 /MO $400,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 23 | 3,215 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $5,358 /MO $64,300 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 25 | 1,000 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $1,667 /MO $20,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 27 | 1,000 SF | 1-10 Years | $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $1,667 /MO $20,000 /YR | Triple Net (NNN) |
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 14
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 17
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 19
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 2
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 23
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 25
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
1-196 Penn Mart Shopping Ctr - 1st Floor - Ste 27
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Corner Space
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 Penn Mart Shopping Center
- Big Lots
- Dollar Tree
- GNC
- Metro PCS
- PNC Bank
- United Check Cashing
PROPERTY FACTS FOR 1-196 Penn Mart Shoppnig Ctr , New Castle, DE 19720
| Center Type | Neighborhood Center | Gross Leasable Area | 146,000 SF |
| Parking | 885 Spaces | Total Land Area | 12.92 AC |
| Stores | 32 | Year Built | 1991 |
| Center Properties | 1 | Cross Streets | Basin Rd & Dupont Hwy |
| Frontage |
| Center Type | Neighborhood Center |
| Parking | 885 Spaces |
| Stores | 32 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 146,000 SF |
| Total Land Area | 12.92 AC |
| Year Built | 1991 |
| Cross Streets | Basin Rd & Dupont Hwy |
About the Property
Penn Mart Shopping Center is a bustling retail hub situated along Route 13 and Route 141 in the heart of New Castle, Delaware. This prime commercial property boasts a strategic location and an array of national tenants that contribute to its vibrant atmosphere. With anchor tenants like Big Lots, PNC Bank, Save A Lot, and Rent-A-Center, Penn Mart offers a diverse shopping experience, catering to a wide range of consumer needs. The mixture of these national and locally recognized tenants ensures a steady flow of foot traffic, making this center an ideal destination for both residents and visitors alike. The well-maintained premises and ample parking facilities enhance the overall convenience for shoppers. Penn Mart Shopping Center stands as a testament to the thriving retail landscape in New Castle, providing a dynamic and accessible destination for those seeking quality products and services from trusted national retailers.
- Pylon Sign
- Signalized Intersection
Nearby Major Retailers
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Griffin Conaty
-
Ryan Bree
-
Jordan Pilevsky
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Penn Mart Shopping Center | 1-196 Penn Mart Shoppnig Ctr
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