LEASE - Farming Market on Front St

Retail-Commercial for Lease
Catylist Listing ID: 30634193
Property Subtypes: Convenience Store, Street Retail
Contiguous Space: 5,145 SF
Gross Building Area: See Agent
Lease Rate: $17 PSF (Annual)
Base Monthly Rent: $7,288
Lease Types: Modified Gross
Building Name: Farmin on Front
Last Updated: 9/27/2020

Overview / Comments

Outstanding business opportunity to take over existing class A retail convenience store in the heart of Historic Downtown Wilmington.Turn Key opportunity with outstanding interior. Interior fit up completed in 2016. Highest and best use would be gourmet/produce market with walk in coolers with tap for craft beer selection. Would also make a great Barcade or entertainment center, also a possibility to add a hood and kitchen for prepared meals as well as local produce and groceries, there are currently no National Grocery stores serving this market. The pedestrian market is over 1 million per year additionally this is a residential area. Population of Downtown Wilmington Market is expected to double over the next 2 years. Wilmington is recognized for its support of independent and small businesses. Major growth area current project adjacent to this location is 90 residential apartments and tower filling up quickly. 1 block from the famed #1 Best Riverwalk as recognized by USA Today. Existing equipment to be purchased by Tenant or equipment is to be sold outright via public sale.

Expand All Available Space

Suite: 1 st floor 5,145 SF $17 PSF (Annual) Modified Gross
Space Available: 5,145 SF
Lease Rate: $17 PSF (Annual)
$7,288 (Monthly)
Lease Type: Modified Gross
Date Available: 7/23/2020
Space Type: Sublet

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04720-007-009-000
Zoning: CBD - RETAIL
Property Located Between: Princess and Chestnut
Largest Nearby Street: Front St
Airports: ILM
Area Description: Busy Downtown Wilmington. 1 block from the famed #1 Best Riverwalk as recognized by USA Today.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,437 37,924 110,522
Median Age: 35.43 37.3 36.22
Households: 3,840 17,235 47,753

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