College Road Retail Space For Lease

Retail-Commercial for Lease
Lease Pending/Contingent
Catylist Listing ID: 30665930
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail
Status: Pending/Contingent
Contiguous Space: 3,780 SF
Building Size (RSF): 3,750 SF
Gross Land Area: 0.46 Acres
Lease Rate: $55 PSF (Annual)
Base Monthly Rent: $17,325
Lease Types: NNN
Building Name: Boseman Sports
Usable Size (USF): 3,750 SF
Last Updated: 9/13/2021

Overview / Comments

This 3750 SF out parcel building at University Centre is available for lease. road front retail space has excellent visibility on one of the busiest intersections in Wilmington with 77,234 Cars Per Day.

Formally a mattress store/shoe store the space has an ample amount of showroom space as well as back storage, office space, and two restrooms.

This building and unit is shadow anchored by a major regional retail center (University Centre) with national anchors such as Lowes Home Improvement, Sam's Club, Bed Bath and Beyond, and Old Navy. Being 0.3 miles from the University it is surrounded by student and Multifamily housing.

Medical Tenant is deemed priorty for consideration as the area lacks urgent care and dental tenants.

Expand All Available Space

Suite: 1 3,780 SF $55 PSF (Annual) NNN
Space Available: 3,780 SF
Lease Rate: $55 PSF (Annual)
$17,325 (Monthly)
Lease Type: NNN
Space Subcategory: Strip Center, Free-Standing Store
Date Available: 1/1/2021
Space Type: Relet
Tax Expenses $1 PSF (Annual)
Operating Expenses $2 PSF (Annual)
CAM Expenses $1.50 PSF (Annual)
Rent Escalators Description 4%
Rent Concession Build out period

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County and City of Wilmington
Tax ID/APN: R04920-004-001-003
Zoning: RB
Retail Clientele: General, Business
Property Located Between: N. College Rd and New Centre Dr
Property Visibility: Excellent
Largest Nearby Street: N. College Road
Feet of Frontage: 135
Traffic/Vehicle Count: 77,234
Highway Access: 2.85 mi south of I-40
Airports: ILM - international
Area Description: Hefty daily car count and foot traffic close to the University and surrounded by student and multifamily housing in a major retail district.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,530 SF
Property Condition: Average
Year Built: 1990
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 22
Parking Type: Surface
Lot Frontage: 135
Lot Depth: 180.4
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,239 65,091 141,920
Median Age: 24.77 33.66 36.86
Households: 4,001 28,247 61,177
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