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201 South Ridge Avenue
1,250 - 5,500 SF of Retail Space Available in Middletown, DE 19709
Highlights
- 105 surface parking spaces
- Signage
- Air conditioned
- Corner lot
- Security system
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,500-3,000 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $78,000 /YR $6,500 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste Bldg 3 | 1,250-2,500 SF | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $65,000 /YR $5,417 /MO | Triple Net (NNN) |
1st Floor
New Retail/Office in the heart of Middletown's Westown Shopping District. Join Walmart, Khols, Chick-fil-A, Walgreens, Starbucks, Aldi and more. Spaces from 1,250 sf to 3,000 sf. 3 New Buildings in Westown Shopping District at the intersection of South Ridge Ave. and Lake Seymour Drive. Building 1 is Fully Leased, Building 2 is 9,000 sf with 3,000 SF remaining; and Building 3 is 2,500 sf. Available spaces from 1,250 sf and up.
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
1st Floor, Ste Bldg 3
2,500 SF stand alone retail building with anticipated delivery at the end of Q1 2024. Building can be split in half with 1,250 SF units or one tenant can take the whole space. $25/SF NNN.
- Lease rate does not include utilities, property expenses or building services
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 201 South Ridge Avenue, Middletown, DE 19709
- Tenant
- Description
- US Locations
- Reach
- Club Pilates
- Services
- -
- -
- Mango Mango
- Accommodation and Food Services
- -
- -
- My Salon Suites
- Services
- -
- -
| Tenant | Description | US Locations | Reach |
| Club Pilates | Services | - | - |
| Mango Mango | Accommodation and Food Services | - | - |
| My Salon Suites | Services | - | - |
PROPERTY FACTS FOR 201 South Ridge Avenue , Middletown, DE 19709
| Total Space Available | 5,500 SF | Gross Leasable Area | 12,000 SF |
| Min. Divisible | 1,250 SF | Year Built | 2024 |
| Property Type | Retail | Parking Ratio | 8.75/1,000 SF |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 5,500 SF |
| Min. Divisible | 1,250 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 12,000 SF |
| Year Built | 2024 |
| Parking Ratio | 8.75/1,000 SF |
About the Property
New Retail or Office Space in the heart of Middletown's Westown Shopping District. Join Walmart, Khols, Chick-fil-A, Walgreens, Starbucks, Aldi and more. 3 New Buildings in Westown Shopping District at the intersection of South Ridge Ave. and Lake Seymour Drive. Building 1 (7,625 sf) is Fully Leased Building 2 - currently under construction (1,500 sf; 3,000 sf; 4,500 sf; 6,000 sf; or 7,500 sf Available for lease) Building 3 - 1,250 or 2,500 sf available for lease
- Corner Lot
- Security System
- Signage
- Air Conditioning
Nearby Major Retailers
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201 South Ridge Avenue
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