302-414-1000
168 E Main St, Newark, DE for Rent

$32.54 USD /SF/yr

Retail - For Rent
1/5
3,648 SF | 1 Space

168 E Main St
Newark, DE 19711


HIGHLIGHTS

  • New furniture, fixtures and kitchen equipment
  • The lease is good until 2031
  • Monthly rent is $9,892 with 2% increases
  • Seller will train new owner for 2 weeks with sales

OVERVIEW

REDUCED! New Business Sale Price: $100,000 Building is For Lease! Seller has just reduced the price substantially to move forward with other investments. The furniture and fixtures in the restaurant is valued over $300,000. The 3,648 +/- SF interior and exterior spaces were completely renovated in 2022 with all new furniture, fixtures and state-of-the-art kitchen equipment. The additional patio affords more seating and creates a lively atmosphere for students, professors and families alike! There are 18,665 undergrads and 7,557 graduate students currently at the University! The families of the students come into town a few times a year and stay in the local hotels, adding more foot traffic and a need for a dining experience - talk about a built-in clientele! There is a restaurant liquor license with an outdoor patio licensed to sell alcohol outdoors. This license is transferrable to a "qualified buyer". Also, there is the approval by the city for an additional side outside patio.

RENTAL DETAILS

SPACE AVAILABLE

3,648 SF

# OF SPACES

1

RENT/MONTH

$9,892 USD /mo

RENT RATE (MO)

$2.71 USD /SF/mo

RENT RATE (YR)

$32.54 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

7 Years

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

4,000 SF

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13999 AC

LAND SF

6,098 SF

ZONING

18BB

ASK ABOUT THIS PROPERTY

Joseph LatinaLMT Commercial Realty, LLCMore Info
302-414-1000

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Joseph LatinaLMT Commercial Realty, LLCMore Info
302-414-1000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.