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Penn Cinema Riverfront 401 S Madison St
21,455 SF of Retail Space Available in Wilmington, DE 19801
Highlights
- Ideal population density for retail - 6 million people residing within 50 miles
- Safe environment with dedicated security
- Convenient access to transportation hubs including I-95, Amtrak and the Philadelphia Airport
- Fantastic visibility/access and signage opportunities (signage can be seen from I-95; Traffic Counts - 63,420 VPD)
- Abundant surface parking for employees and visitors
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 21,455 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Minimum Divisible: 5,647 SF Ceiling Height: Up to 36' which enhances the sense of 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.
PROPERTY FACTS FOR 401 S Madison St , Wilmington, DE 19801
| Property Type | Retail | Gross Leasable Area | 55,542 SF |
| Property Subtype | Movie Theatre | Year Built | 2012 |
| Property Type | Retail |
| Property Subtype | Movie Theatre |
| Gross Leasable Area | 55,542 SF |
| Year Built | 2012 |
About the Property
Welcome to 401 South Madison Street, an exceptional commercial property now available for lease on the thriving Wilmington Riverfront in Wilmington, DE. Boasting a contemporary design and versatile layout, this modern space is perfectly suited to accommodate a variety of business endeavors. Featuring expansive windows that flood the interior with natural light, high ceilings that enhance the sense of space, and ample parking facilities for both employees and visitors, this property offers both comfort and practicality. Strategically positioned for maximum visibility and accessibility, 401 South Madison Street presents an enticing opportunity for businesses eager to establish a prominent presence in this bustling area. Don't miss the chance to make your mark in one of Wilmington's most sought-after locations!
- Air Conditioning
Nearby Major Retailers
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Penn Cinema Riverfront | 401 S Madison St
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