Retail Investment Sale - University Landing Unit 39

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30799284
Property Subtypes: Mixed Use, Other
Status: Pending
Building Size (RSF): 2,205 SF
Sale Price: $375,000
Unit Price: $170.07 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: University Landing
Usable Size (USF): 2,205 SF
Sale Terms: Cash to Seller
Cap Rate: 7.88%
Last Updated: 5/10/2022

Overview / Comments

Investment sale for a retail condo near UNC Wilmington. The tenant, High Life Smoke Shop, has been operating in this location since 2008, and recently exercised their renewal option to extend their lease through July 2027.

Located in University Landing, the property is situated adjacent to UNC Wilmington on South College Road, one of the region’s most prominent corridors.

DISCLAIMER: Any sale and each term of sale of the Property will be contingent on the approval of the United States Bankruptcy Court for the Eastern District of North Carolina.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05508-002-001-000
Tenancy: Multiple Tenants
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,239 69,804 141,920
Median Age: 24.77 34.11 36.86
Households: 4,001 30,203 61,177
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