The Varsity - Retail/Restaurant Space for Lease

Retail-Commercial for Lease
Catylist Listing ID: 30658297
Property Subtypes: Mixed Use
Building Status: Under Construction
Contiguous Space: 1,800 - 3,300 SF
Gross Building Area: See Agent
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $4,950
Lease Types: Modified Gross
Building Name: The Varsity
Last Updated: 9/8/2021

Overview / Comments

+/-1,800 - 3,300 square foot retail / restaurant space on S. Kerr Avenue near UNC- Wilmington. The space is located in The Varsity, a new mixed-use development that is currently under construction featuring 24 high-end residential units and three commercial spaces, with an estimated delivery of July/August 2021. The space will have excellent visibility from S. Kerr Avenue. Signage opportunity and outdoor seating are available. Perfect location for coffee shop or fast-casual restaurant.

Expand All Available Space

Suite: 1 3,300 SF $18 PSF (Annual) Modified Gross
Space Available: 3,300 SF
Minimum Divisible: 1,800 SF
Lease Rate: $18 PSF (Annual)
$4,950 (Monthly)
Lease Type: Modified Gross
Space Description: +/-1,800 - 3,300 square foot retail / restaurant space on S. Kerr Avenue near UNC- Wilmington. The space is located in The Varsity, a new mixed-use development that is currently under construction featuring 24 high-end residential units and three commercial spaces, with an estimated delivery of July/August 2021. The space will have excellent visibility from S. Kerr Avenue. Signage opportunity and outdoor seating are available. Perfect location for coffee shop or fast-casual restaurant.

Tenant pays electricity, trash, water & sewer. Vanilla box delivery at advertised rate, improvement allowance negotiable.
Date Available: 8/1/2021
Space Type: New

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05511-001-001-000
Zoning: R-10
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,468 79,868 141,645
Median Age: 27.97 35.04 36.85
Households: 6,960 34,810 61,287

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