High Traffic Unit In Front of Independence Mall

Retail-Commercial for Lease
Also listed as Shopping Center
Catylist Listing ID: 30801943
Property Subtypes: Convenience Store, Mixed Use, Street Retail, Other
Contiguous Space: 3,000 SF
Building Size (RSF): 3,000 SF
Lease Rate: $5,500 (Monthly)
$22 PSF (Annual)
Lease Types: Modified Gross, Other
Ceiling: 11 ft.
Building Name: Gap Center
Last Updated: 5/10/2022

Overview / Comments

Amazing opportunity to move into a retail unit with a very high traffic count directly in front of the newly remolded independence mall with NO CAMS FEES!. Lease amount is gross lease including all CAM, taxes and exterior insurance. Tenant responsible for utilities and interior. Newer Trane HVAC and new hot water heater, completely open retail space with multiple doors for public. One handicap bathroom, breakroom and small storage area. Currently leased to America Mattress who can vacate with just two weeks notice (medical issues has caused them to ask for us to market their space). Over $80k paid in new flooring, and upfit over the past 2.5 years. Current tenant is happy to show the space to clients during business hours but needs to be aware you are coming. Agent can show if not during normal business hours. On-site owner-managed. 3-7.5 year term possible with a 3% escalation each year but no TICAM! This is truly a rare opportunity for an amazing retail location! Priced low based on current tenant's remaining lease term. Will write new Lease with options for renewal.

Expand All Available Space

Suite: E 3,000 SF $5,500 (Monthly) Modified Gross,Other
Level/Floor: 1
Space Available: 3,000 SF
Lease Rate: $5,500 (Monthly)
$22 PSF (Annual)
Lease Type: Modified Gross,Other
Space Description: Amazing open space with multiple doors for public. Tons of exposure
Date Available: 5/24/2022
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 37
Rent Escalators Other
Rent Escalators Description Escalation is negotiable depending on term. Typically 3% escalation per year. NO CAMS FEE EVER!
Rent Concession NONE

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05517-008-005-000
Zoning: RB
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: In front of Independence Mall
Property Visibility: Excellent
Largest Nearby Street: Oleander Drive
Feet of Frontage: 248
Airports: Wilmington International Airport 5.5 Miles
Site Description: Located in front of Independence Mall on Oleander Drive, this location is highly visible, with plenty of parking.
Area Description: Located on Oleander Rd, with high traffic. In front of Independence Mall.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1997
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick construction with a large glass front.
Total Parking Spaces: 37
Parking Type: Surface
Parking Description: flexible unassigned parking shared by 4 other tenants. This is an end unit and the biggest in the building with the most available signage.
Sprinklers: Wet
Heat Type: Electricity, Propane
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Interior Description: Large open interior space with a bathroom, break room and storage area. The unit has both front and rear doors for public entrance and excellent visibility from Mall parking lot.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,636 81,401 143,763
Median Age: 39.93 35.22 36.56
Households: 4,264 35,597 61,877

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