University Area Restaurant For Lease!!

Retail-Commercial for Lease
Catylist Listing ID: 30719038
Property Subtypes: Restaurant, Street Retail
Contiguous Space: 3,000 SF
Gross Building Area: See Agent
Lease Rate: $16 PSF (Annual)
Base Monthly Rent: $4,000
Lease Types: NNN
In Opportunity Zone? Yes
Last Updated: 3/29/2021

Overview / Comments

This 3,000sf 2nd generation restaurant space is located within University Landing shopping center

Property is just off the campus of UNCW along one of the area's busiest arteries in South College Road with 77,000 CPD

Hood system with walk-in cooler and walk-in freezer and some additional equipment in place

Available April 1, 2021.

Marquee signage available on College Road

Use must be approved by COA as there are other restaurants in the center

Expand All Available Space

Suite: 26 & 27 3,000 SF $16 PSF (Annual) NNN
Space Available: 3,000 SF
Lease Rate: $16 PSF (Annual)
$4,000 (Monthly)
Lease Type: NNN
Date Available: 4/1/2021
Lease Term: 24 Months
Space Type: Relet
Kitchen Yes
CAM Expenses $2.88 PSF (Annual)
Rent Escalators Step-Up Lease

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05508-002-001-005
Zoning: RB - REGIONAL BUSINESS
Retail Clientele: General, Family, Business, Tourist
Property Located Between: New Centre Drive and Randall Parkway
Property Visibility: Fair
Largest Nearby Street: South College Road
Traffic/Vehicle Count: 77,000
Airports: ILM
Area Description: University area with large student population with interspersed office groupings
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Average
Year Built: 1986
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
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.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SHOP 26/27 UNIV LANDING I

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,239 67,775 141,920
Median Age: 24.77 34.13 36.86
Households: 4,001 29,355 61,177
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