1101 N 4th Commercial Unit 1

Retail-Commercial for Lease
Catylist Listing ID: 30073700
Property Subtypes: Mixed Use, Retail-Pad, Street Retail, Other
Building Status: Proposed
Contiguous Space: 2,865 SF
Building Size (RSF): 2,865 SF
Gross Building Area: 14,500 SF
Gross Land Area: 14,600 - 14,700 SF
Lease Rate: $25 PSF (Annual)
Base Monthly Rent: $5,968
Lease Types: NNN
Ceiling: 16 ft.
Building Name: 1101 No Fo
Usable Size (USF): 2,865 SF
Last Updated: 5/17/2019

Overview / Comments

NoFo Lofts is a new mixed use development in the fast growing North 4th area of downtown Wilmington. The development includes three commercial units and six residential units. All commercial units have ground level access and extensive street frontage. The residential units are on the second level. North 4th Street is currently undergoing a renaissance with new retail and residential projects underway or planned. The development is close to PPD, the Riverwalk, the future North Riverfront Park and new marina development. This new contemporary development incorporates unique brick detailing, large areas of glazing and steel framing to harken back to Wilmington's maritime industrial past. It will anchor the northern re-development of the Brooklyn Arts District.

Commercial Unit #1 is a 2,865 square foot ground floor unit with storefront along N 4th Street. With up to 16' ceilings and 12' high glazing of storefront along N 4th Street, this unit offers maximum retail exposure. Street level access is offered along N 4th Street. Base lease rate assumes a light, warm shell ready for the future tenant's customized plan. Developers are offering an allowance of $25 per SF for Tenant Improvements with a minimum 5 year lease.

Attachments & Media

Expand All Available Space

Suite: Commercial Level 2,865 SF $25 PSF (Annual) NNN
Space Available: 2,865 SF
Lease Rate: $25 PSF (Annual)
$5,968 (Monthly)
Lease Type: NNN
Space Description: Commercial Unit #1 is a 2,865 square foot ground floor unit with storefront along N 4th Street. With up to 16' ceilings and 12' high glazing of storefront along N 4th Street, this unit offers maximum retail exposure. Street level access is offered along N 4th Street. Base lease rate assumes a light, warm shell ready for the future tenant's customized plan. Developers are offering an allowance of $25 per SF for Tenant Improvements with a minimum 5 year lease.
Space Subcategory: Mixed Use
Date Available: 1/1/2019
Lease Term: 60 Months
Space Type: New
CAM Expenses $5 PSF (Annual)
Rent Escalators Other
Rent Escalators Description 2%
Rent Concession TBD
Tenant Improvements Allowance $25

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Submarket Type: Central Business District
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04809-034-001-000
Zoning: CBD
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Located Between: N 3rd and N 4th Street
Property Visibility: Excellent
Largest Nearby Street: North 3rd Street
Feet of Frontage: 425
Highway Access: MLK to 74/76 or I40
Airports: ILM
Site Description: High viability and street access from 3 different sides. Urban contemporary and industrial layout.
Area Description: Central Business District located in the north end of the Brooklyn area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 12,500 SF
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Combination of brick, glass, steel and wood to reflect a contemporary but still historic look
Parking Type: Other
Parking Description: Located in the central business district. On-Street parking available,
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Other
Interior Description: Developer offering $25/SF Tenant improvement allowance based on 5 year lease. Space will come with unfinished walls an ribbon slab floor.
Zoning Description: Central Business District
Lot Frontage: 450 feet
Lot Depth: 275 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: As required to service utilities to building
Legal Description: All 1/2 Blk 322

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,432 36,651 103,069
Median Age: 36.1 35.72 35.81
Households: 2,556 16,590 44,292

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