Best Buy Shadow Anchored Center - Retail For Lease

Shopping Center for Lease
Catylist Listing ID: 30671977
Property Subtypes: Community Center, Fashion/Specialty, Free-Standing Store, Neighborhood Center, Strip Center
Contiguous Space: 5,019 SF
Building Size (RSF): 5,019 SF
Gross Building Area: 8,416 SF
Gross Land Area: 1.05 Acres
Lease Rate: $35 PSF (Annual)
Base Monthly Rent: $14,638
Lease Types: NNN
In Opportunity Zone? Yes
Last Updated: 5/12/2021

Overview / Comments

South College Road End-Cap Retail For Lease, formerly Mattress Firm. This building is located in front of Best Buy and adjacent to Cruisers Car Wash. The Center has Starbucks, Crumb Cookies and this suite available for lease.

This unit is built out in open showroom space condition. Please see attached Site Plan for dimensions and layout.

The properties position fronts on South College road, one of the most heavily trafficked roads in Wilmington with 77,000 cars per day passing this property. The internal traffic generated from Starbucks also brings many visitors and shoppers to the center as well as Best Buys proximity.

Signage is possible on the rear (facing Best Buy) as well as on the front and the Pylon.

5,019+/- SF is available for lease and can be subdivided into two units potentially.

We can accommodate a wide array of uses at the center, so please dont hesitate to call.

Expand All Available Space

Suite: 120 5,019 SF $35 PSF (Annual) NNN
Space Available: 5,019 SF
Lease Rate: $35 PSF (Annual)
$14,638 (Monthly)
Lease Type: NNN
Date Available: 12/3/2020
Space Type: Relet
Tax Expenses $2.23 PSF (Annual)
Operating Expenses $0.60 PSF (Annual)
CAM Expenses $3.36 PSF (Annual)
Rent Escalators Step-Up Lease

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04920-003-009-000
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: New Centre Drive & Oriole Drive
Property Visibility: Excellent
Largest Nearby Street: College Road
Feet of Frontage: 138
Traffic/Vehicle Count: 77,234
Highway Access: I-40
Airports: ILM
Site Description: Existing retail space.
Area Description: Midtown / University Area Retail epicenter. This property sits on S College (turns into Interstate 40) which has multiple apartment communities, Offices, Hotels and Many National, Regional and local retailers from electronics (Best Buy) to home improvement (Lowes Home Improvement across the street) Grocery (Lowes Food) Warehouse Clubs (Sams and Costco) Sporting Goods (Academy Sports) etc all within .5 miles of this center.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2014
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Common Parking Field. This unit has two dedicated spots.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Open showroom with 2 bathrooms and tech closet / storage area.
Zoning Description: RB - Regional Business - This district is established to accommodate large commercial facilities offering goods and services meeting the needs of the city, county and regional residents. It is designed to locate at the intersections of major thoroughfares and occur in clustered patterns. The district is intended to encourage one-stop shopping at convenient and safely accessible locations.
Lot Frontage: 138'
Lot Depth: 259'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,239 64,245 143,263
Median Age: 24.77 33.46 36.73
Households: 4,001 27,905 61,505
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