Historical Retail Sale Listing - ADAMS FOUR SHOPPING CENTER

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ADAMS FOUR SHOPPING CENTER

800 West 4th Street, Wilmington, DE 19801

N/A

85,529 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
85,529 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Year Built:
1985
Lot Size:
4.23 AC
Listing ID
16780311
Last Updated
over 1 year ago

Highlights

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

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

Map of 800 West 4th Street, Wilmington, DE 19801

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