Investment Sale - Retail Strip Center - College Road S of Oleander

Retail-Commercial for Sale
Catylist Listing ID: 30720549
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail
Building Size (RSF): 4,320 SF
Sale Price: $1,092,000
Unit Price: $252.78 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 4,320 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2021

Overview / Comments

This Three bay strip center is located along S College Road. Located near a major intersection and Retail / Office Hub. This property is visible from both sides of South College. Its proximity to multiple other high traffic generating businesses makes this a solid investment for the experienced or new investor in commercial real estate.

This opportunity provides a solid Return on Investment, with all tenants having term left on their leases.

Contact Brokers for a Non Disclosure agreement to learn more about the property.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Submarket Type: Suburban
Tax ID/APN: R00000-000-000-000
Zoning: CB - COMMUNITY BUSINES
Retail Clientele: General, Family, Business, Tourist
Property Located Between: 17th street and Bragg Blvd
Property Visibility: Excellent
Largest Nearby Street: S College Road
Feet of Frontage: 90
Traffic/Vehicle Count: 52,890
Highway Access: Direct
Airports: ILM
Site Description: Three Tenant Strip Center, Building in good condition. Location is very visible
Area Description: Retail/Office/ Residential Node in Middle of County
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Parking Description: Common
Easements Description: There are some Deed Restrictions and Easements, prospective purchasers are required to Sign NDA and we can release the deed / use restrictions.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,621 64,749 121,493
Median Age: 41.25 39.8 37.46
Households: 4,256 28,489 52,708
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