2028 Oleander Drive

Retail-Commercial for Sale
Catylist Listing ID: 30342039
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 720 SF
Gross Land Area: 0.50 Acres
Sale Price: $350,000
Unit Price: $486.11 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Kangaroo Mart
Usable Size (USF): 4,200 SF
Sale Terms: Cash to Seller
Cap Rate: 8.6%
Last Updated: 11/12/2018

Overview / Comments

Currently operated as the Kangaroo Mart on Oleander, who is now owned by Circle K., and lease expiration is August 31, 2020. Traffic counts of 37,265 Cars Per Day (WMPO 2018).

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover Co.
Tax ID/APN: R05411-026-002-000
Zoning: O & I -1
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: On Oleander Dr., between Columbus Circle and Dawson St.
Property Visibility: Excellent
Largest Nearby Street: Oleander
Feet of Frontage: 148
Traffic/Vehicle Count: 37,265
Highway Access: US HWY 74/76
Airports: ILM
Site Description: Developed and is currently operating as a convenience store, zoned O & I -1, a grand-fathered non-conforming use
Area Description: Considered Mid-Town, and in close proximity to the Cape Fear Country Club, Forest Hills, South Oleander & Glenn Meade neighborhoods.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1976
Year Renovated: 1991
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Interior Description: Small convenience store, with pump canopy spanning building and pumps
Zoning Description: O & I -1
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Drainage easement
Land Ownership: fee simple
Legal Description: Parcel's 1, 2, &3 as shown on the deed of correction recorded in deed book 5303 page 852

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,299 65,128 132,707
Median Age: 37.68 35.4 36.54
Households: 5,525 30,302 57,621
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