Soda Pop District Space For Lease

Retail-Commercial for Lease
Catylist Listing ID: 30782308
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 5,017 SF
Gross Building Area: 8,910 SF
Lease Rate: $23 PSF (Annual)
Base Monthly Rent: $9,615
Lease Types: NNN
Building Name: Barrel Roof Building
Usable Size (USF): 5,110 SF
Last Updated: 1/17/2022

Overview / Comments

With the recent announcement of the purchase of the old Coca-Cola properties the Soda Pop District is now slated to see a dramatic revitalization. Redevelopment of the 5 properties, consisting of 120,000 sf of existing warehouse, office and manufacturing space, is already underway. The focus will be to preserve, reuse and transform both the buildings and undeveloped land and most importantly the neighborhood. This will be achieved by creating a diverse range of commercial and residential spaces aimed to draw new restaurants, retail, office space and maker spaces. With the outstanding success of the transformation of the South Front District on the opposite end of Downtown Wilmington, the Soda Pop District is now on it's way to achieving the same success.

Hi-Wire Brewery is already in full swing in their new space next door to 1002 Princess St. with a new pizza restaurant soon to open their doors in the same building. Two more breweries are already slated to open in the District. Folks Cafe, across Princess St. from the property, and Jengos Playhouse, home to the famed and Cuculorus Film Festival, have always been a community mainstay.

This unique property offers the perfect opportunity to create a restaurant space with bar and outstanding outdoor dining space. The property features a beautiful timbered barrel roof system, huge windows, roll up garage door and street corner location. Minutes from the Historic Downtown Wilmington and Riverwalk.

Attachments & Media

Expand All Available Space

Suite: A 5,017 SF $23 PSF (Annual) NNN
Level/Floor: ground level
Space Available: 5,017 SF
Lease Rate: $23 PSF (Annual)
$9,615 (Monthly)
Lease Type: NNN
Date Available: 1/9/2022
Space Type: New
Rent Escalators Description 3% annual escalations
Rent Concession Free months during the fit up period.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: RO4818-018-001-000
Zoning: UMX
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: N. 10th St. and Princess St.
Property Visibility: Excellent
Largest Nearby Street: Market St.
Area Description: The Soda Pop District is comprised of the area between Market Street to Chestnut Street from N. 7th to N 13th Streets.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1939
Year Renovated: 2022
Roof Type: Barrel Shell
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Free street parking and developer to offer off street parking as well.
Zoning Description: UMX
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,661 42,400 121,623
Median Age: 35.73 36.05 36.23
Households: 5,692 19,380 52,106
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