Second Generation Restaurant Space - Great Harvest Bread (Cinema Oaks)

Retail-Commercial for Lease
Also listed as Shopping Center
Catylist Listing ID: 30635004
Property Subtypes: Restaurant, Street Retail
Contiguous Space: 2,106 SF
Gross Building Area: See Agent
Lease Rate: $17.50 - 18.50 PSF (Annual)
Base Monthly Rent: $3,071 - 3,246
Lease Types: NNN
Last Updated: 10/1/2020

Overview / Comments

Former restaurant space that is well positioned for a successful long-term restaurant and or bakery. The site is currently being redevelopment with a new apartment community next door and a traffic signal into the shared entrance. Neighborhood mixed use center anchored by Tidal Creek Co-Op market. Other tenants include Wilmington Yoga, Hair Salon, etc.

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Suite: 5327-100 2,106 SF $17.50 - 18.50 PSF (Annual) NNN
Space Available: 2,106 SF
Lease Rate: $17.50 - 18.50 PSF (Annual)
$3,071 - 3,246 (Monthly)
Lease Type: NNN
Space Description: Second generation restaurant space, formerly Great Harvest Bread Company that has closed due to COVID. The offering does not include any restaurant equipment though a direct sale may be available with former operator. We will consider a restaurant use or retail/office change of use. All infrastructure is in-place for a restaurant/bakery.
Space Subcategory: Strip Center
Date Available: 8/1/2020
Lease Term: 120 Months
Space Type: New
Offices 1
Kitchen Yes
CAM Expenses $4 PSF (Annual)
Rent Escalators Other
Rent Escalators Description 3%

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06205-005-035-000
Zoning: CB
Retail Clientele: General, Family, Tourist
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 2002
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Zoning Description: Community Business
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: New signalized intersection with shared ingress/egress with under-construction Apartment Community.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,500 64,069 141,898
Median Age: 33.38 36.02 37.13
Households: 4,232 27,355 60,883
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