Net Leased Investment Opportunity - 6309 Market Street

Retail-Commercial for Sale
Also listed as Hospitality
Catylist Listing ID: 30570574
Property Subtypes: Free-Standing Building, Restaurant
Building Size (RSF): 5,320 SF
Gross Land Area: 1.15 Acres
Sale Price: $750,000
Unit Price: $140.98 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Tavern14
Usable Size (USF): 5,320 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/27/2020

Overview / Comments

Freestanding ± 5,320 SF existing restaurant on the Market Street corridor situated on ± 1.153 acres. Current tenant has been in business since 2008 and continues to thrive as a staple restaurant for the area. Traffic volumes are some of the highest in New Hanover County at ± 41,000/AADT.

The adjacent property is also for sale. Connected to the Subject in the rear, the site is ± 1.147 acres with two buildings totaling ± 8,609 SF. Site can be purchased for $1,395,000.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05000-002-007-000
Zoning: RB (CITY OF WILMINGTON)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Zoning Description: RB - Regional Business (City of Wilmington)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,585 65,510 121,271
Median Age: 40.93 33.64 37.07
Households: 3,806 27,781 51,198
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