Kitty Hawk NNN

Industrial for Sale
Catylist Listing ID: 30341491
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 15,100 SF
Gross Land Area: 1.27 Acres
Sale Price: $1,434,500
Unit Price: $95 PSF
Ceiling: 16 ft. / 15 ft. Clear
Docks/Doors: 1 Dock, 3 Doors
Office SF: 3,820 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Hammerheads Indoor Practice Facility
Usable Size (USF): 15,100 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/18/2019

Overview / Comments

Offering a NNN investement with lease in place through Feb 2020. Property is currently being used as the indoor training facility for the Wilmington Hammerheads pro-am soccer team. Lease has an option to extend 3 additional years. Very clean facility with astro-turf.

Warehouse area is air conditioned. The 3,821 sq ft of office and showroom.


Finance Data Year 2018
Net Operating Income $66,875 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Cape Fear Youth Soccer Assoc
Contact Name PJ Doherty
Phone Number 910-297-9572
Industry Type Arts, Entertainment, and Recreation
Is Renting? Yes
Annual Revenue $64,927 (Annual)
SF of Space Occupied 15,100 SF
Current Rent $64,927 PSF (Annual)
Escalations 3% annually
Options yes 1 + 3yr

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover Co
Tax ID/APN: R03400-001-039-000
Zoning: I-2
Property Located Between: Kitty Hawk Dr
Highway Access: 117/133 Easy access to I-40 & I-140
Airports: ILM - Wilmington international
Site Description: Flat lot with dock and drive-in doors in rear
Area Description: N Kerr Industrial Park - Good visibility
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 15,100 SF
Property Condition: Good
Year Built: 2003
Year Renovated: 2013
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Metal and block building. Ample parking and lighting. Two Grade level and one dock level door.
Parking Type: Surface
Parking Description: Ample surface parking in both front and rear
Total Parking Spaces: 30
Eave Height: 14
Column Spacing: Clear span
X-Phase: 3-phase
Heat Type: Electricity
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: I-2 allows heavy industrial
Part of Planned Development?: Yes
Lot Frontage: 150
Lot Depth: 340
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee
Legal Description: Lot 77 SEC 2-D NORTH KERR INDUSTRIAL PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,182 28,754 86,314
Median Age: 38.6 35.2 34.32
Households: 862 11,416 35,946
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