Penn Mart

196 Penn Mart Shopping Center New Castle, DE 19720

196 Penn Mart Shopping Center, New Castle, DE, 19720
196 Penn Mart Shopping Center, New Castle, DE, 19720
Property Type:
Street Retail
Last Verified:
Sep 14, 2021

  • Penn Mart Shopping Center is located in the county of New Castle, at the intersection of US Route 40 (Dupont Highway) and Basin Road (Route 141)
  • The center includes parking for 855 cars
  • Major Tenants - Big Lots, Save a Lot food stores, Rainbow Shops, Dollar Tree, PNC Bank, Rent-A-Center, GNC, Comcast Cable, H&R Block, Metro PCS, United Check Cashing, T-Mobile, Sneaker Villa
  • Penn Mart Shopping Center is located on one of the highest traffic count crossroads in New Castle County. Almost 90,000 cars pass the intersection daily on both roads. New Castle County has the highest average family income among Delaware counties. High disposable income in the center’s market area benefits Penn Mart retailers since the fact that Delaware has an extremely-low jobless rate and has no sales tax.
  • The GLA is 140,000 sf ±
  • Community Shopping Center

Additional URLs

Map of 196 Penn Mart Shopping Center, New Castle, DE, 19720

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.