420 Eastwood Road #113

Retail-Commercial for Lease
Also listed as Shopping Center
Catylist Listing ID: 30799357
Property Subtypes: Restaurant, Street Retail, Other
Contiguous Space: 1,500 SF
Building Size (RSF): 1,500 SF
Gross Building Area: 33,000 SF
Gross Land Area: 2.13 Acres
Lease Rate: $18.75 PSF (Annual)
Base Monthly Rent: $2,343
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: Eastwood Commons
Usable Size (USF): 1,500 SF
Last Updated: 5/19/2022

Overview / Comments

Unit #113 is 1,500+/- sf end unit. Lease Rate $18.75 SF w/3% Annual Increase and +/- $5.67 PSF TICAM reconciled each year. Located on the main road from I-40 and US 17 to Wrightsville Beach. High traffic count and great visibility for those traveling to this premiere beach community. (Approx. 3 miles). Neighbors include Kohl's Department Store and Home Depot.

DIRECTIONS: Near corner of Market Street and Eastwood Road. From Market, turn east toward Wrightsville Beach. Less than 1 mile on the right between Racine Drive and Charter Rd.

NO restaurant equipment available for purchase. No hood vent.

LANDLORD PAYS: Other

TENANT PAYS: Water, Sewer, Electric, TICAM and communications

Expand All Available Space

Suite: 113 1,500 SF $18.75 PSF (Annual) NNN
Level/Floor: 1
Space Available: 1,500 SF
Lease Rate: $18.75 PSF (Annual)
$2,343 (Monthly)
Lease Type: NNN
Space Description: 1,500 RSF end unit, previously used as a restaurant. Contains grease trap.
NO restaurant equipment available.
Space Subcategory: Strip Center
Date Available: 7/15/2022
Lease Term: 36 Months
Space Type: Relet
Kitchen Yes
CAM Expenses $5.67 PSF (Annual)
Rent Escalators Percentage Lease
Rent Escalators Description 3.0 % per year

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: 314818417009000
Zoning: WILMINGTON: CB
Retail Clientele: General, Business
Property Located Between: US 17 (Market Street) and Wrightsville Beach
Property Visibility: Good
Largest Nearby Street: Market
Highway Access: I-40, HWY 74, US 17
Airports: ILM
Site Description: IN CITY LIMITS: Yes
Area Description: Near the retail center of Wilmington, which includes other retailers like Best Buy, Costco, Lowe's and Target, just to name a few.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2005
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Min Divisible USF: 1500 Electric Provider: Duke Energy
Zoning Description: CB
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,106 62,020 137,197
Median Age: 36.09 33.71 36.76
Households: 3,514 26,601 58,242
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