This Retail Property is Off-Market.

800 West 4th Street
Wilmington, DE 19801 ·

85,529 SF · Retail For Sale

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ADAMS FOUR SHOPPING CENTER

Price N/A Property Use Type Investment
Gross Leasable Area 85,529 SF Year Built 1985
Property Type Retail Lot Size 4.23 AC
Property Sub-type Neighborhood Center
Listing ID: 16780311 Date Created: 07/30/2010 Last Updated: 07/11/2013

Description

An opportunity to acquire a totally renovated center with an outstanding Non-Recourse Loan that is assumable at a very attractive 5.78% , expiring in 2017. Rite Aid and Fresh Grocer have been so sucessfull that Rite Aid expand from a 6,400sf store to a new pad and Fresh Grocer added over 20,000sf to their previous store size. Evidence of their comittment and strong demand for these anchors. Excellent cash on cash return from initial acquisition with upside through rental increases.

Densely populated urban area

Highlights

  • SUPERLATIVE ASSUMABLE NON-RECOURSE LOAN 5.78%
  • 100% LEASED
  • OVER 36,000 PEOPLE WITHIN 1 MILE
  • MANAGEMENT SIMPLIFIED

Research

800 West 4th Street, Wilmington, DE 19801 (New Castle County)

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