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The Centre at Love Creek Rt 24 1,200 - 67,525 SF of Retail Space Available in Lewes, DE 19958
HIGHLIGHTS
- New Development in the Heart of Sussex County Growth
- Fully Signalized Intersection.
- Outlying buildings will have Drive-thru Opportunities
- Located on thoroughfare with high traffic counts.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,525 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $30,500 /YR $2,542 /MO | Triple Net (NNN) | ||
| 1st Floor | 1,200-22,000 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $440,000 /YR $36,667 /MO | Triple Net (NNN) | ||
| 1st Floor | 1,200-22,000 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $440,000 /YR $36,667 /MO | Triple Net (NNN) | ||
| 1st Floor | 1,200-22,000 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $440,000 /YR $36,667 /MO | Triple Net (NNN) |
Rt 24 - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rt 24 - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rt 24 - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
Rt 24 - 1st Floor
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
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
| Total Space Available | 67,525 SF | Frontage | Route 24 |
| Min. Divisible | 1,200 SF | Gross Leasable Area | 73,525 SF |
| Center Type | Neighborhood Center | Total Land Area | 20.00 AC |
| Center Properties | 3 | Year Built | 2026 |
| Total Space Available | 67,525 SF |
| Min. Divisible | 1,200 SF |
| Center Type | Neighborhood Center |
| Center Properties | 3 |
| Frontage | Route 24 |
| Gross Leasable Area | 73,525 SF |
| Total Land Area | 20.00 AC |
| Year Built | 2026 |
ABOUT THE PROPERTY
The Centre at Love Creek is a new retail center situated on +/-10 acres in Sussex County, DE. The property is comprised of approximately 77,425 square feet of in-line retail and (2) pad sites with prime frontage on Route 24. One pad site will have the ability to offer a drive-thru lane and there will be a fully signalized intersection at the front of the property. Unit sizes will range from +/-1,500 SF to +/- 22,000 SF. The property is located west of Love Creek Bridge, on the north side of Route 24 & is approximately 2.5 miles west of Coastal Highway & 4.5 miles north of Long Neck in Sussex County. Daily traffic counts are approximately 19,285 VPD on Route 24.
- Freeway Visibility
Presented by
The Centre at Love Creek | Rt 24
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