1101 N 4th Commercial Unit 3

Retail-Commercial for Lease
Catylist Listing ID: 30073699
Property Subtypes: Mixed Use, Retail-Pad, Street Retail, Other
Building Status: Proposed
Contiguous Space: 4,356 SF
Building Size (RSF): 4,356 SF
Gross Building Area: 14,500 SF
Gross Land Area: 14,600 - 14,700 SF
Lease Rate: $25 PSF (Annual)
Base Monthly Rent: $9,075
Lease Types: NNN
Building Name: 1101 No Fo
Usable Size (USF): 4,356 SF
Last Updated: 10/23/2018

Overview / Comments

NoFo Lofts is a new mixed use development in the fast growing North 4th area of downtown Wilmington. The development includes three commercial units and six residential units. All commercial units have ground level access and extensive street frontage. The residential units are on the second level. North 4th Street is currently undergoing a renaissance with new retail and residential projects underway or planned. The development is close to PPD, the Riverwalk, the future North Riverfront Park and new marina development. This new contemporary development incorporates unique brick detailing, large areas of glazing and steel framing to harken back to Wilmington's maritime industrial past. It will anchor the northern re-development of the Brooklyn Arts District.

Commercial Unit #3 fronts Davis Street. This two story unit includes a total of 4,356 square feet(2,178 per floor). The Davis Street entry wall includes large storefront glazing with significant exposure along Davis and North 3rd Street. The second level offers views back to the river. The 16' high ceilings on the first floor and 13" ceilings on the second floor offer maximum flexibility for office and retail uses. As a multi-story unit, the eventual design could include an interior balcony to create a dynamic interior volume. Base lease rate assumes a light, warm shell ready for the future tenant's customized plan. Developers are offering $25 per square foot Tenant Improvements with a minimum 5 year lease.

Expand All Available Space

Suite: Commercial Level 4,356 SF $25 PSF (Annual) NNN
Space Available: 4,356 SF
Lease Rate: $25 PSF (Annual)
$9,075 (Monthly)
Lease Type: NNN
Space Description: Commercial Unit #3 fronts Davis Street. This two story unit includes a total of 4,356 square feet(2,178 per floor). The Davis Street entry wall includes large storefront glazing with significant exposure along Davis and North 3rd Street. The second level offers views back to the river. The 16' high ceilings on the first floor and 13" ceilings on the second floor offer maximum flexibility for office and retail uses. As a multi-story unit, the eventual design could include an interior balcony to create a dynamic interior volume. Base lease rate assumes a light, warm shell ready for the future tenant's customized plan. Developers are offering $25 per square foot Tenant Improvements with a minimum 5 year lease.
Space Subcategory: Mixed Use
Date Available: 1/1/2019
Space Type: New
CAM Expenses $5 PSF (Annual)
Rent Escalators Percentage Lease
Rent Escalators Description 2%
Tenant Improvements Allowance $25

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Submarket Type: Central Business District
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04809-034-001-000
Zoning: CBD
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Located Between: N 3rd and N 4th Street
Property Visibility: Excellent
Largest Nearby Street: North 3rd Street
Feet of Frontage: 425
Highway Access: MLK to 74/76 or I40
Airports: ILM
Site Description: Located in the Northend of the Central Business District. Urban contemporary and industrial layout. Property has street frontage on Davis, North 4th and Cowan Streets. Visible form N 3rd and portions of MLK Parkway.
Area Description: Central Business District located in the north end of the Brooklyn area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 12,500 SF
Year Built: 2019
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Combination of brick, glass, steel and wood to reflect a contemporary but still historic look
Parking Type: Other
Parking Description: Located in Central Business District. On-street parking available.
Sprinklers: To Suit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: T1/T3
Interior Description: Commercial Unit #3 fronts Davis Street. This two story unit includes a total of 4,356 square feet(2,178 per floor). The Davis Street entry wall includes large storefront glazing with significant exposure along Davis and North 3rd Street. The second level offers views back to the river. The 16' high ceilings on the first floor and 13" ceilings on the second floor offer maximum flexibility for office and retail uses. As a multi-story unit, the eventual design could include an interior balcony to create a dynamic interior volume. Base lease rate assumes a light, warm shell ready for the future tenant's customized plan. Developers are offering $25 per square foot Tenant Improvements with a minimum 5 year lease.
Zoning Description: Central Business District
Lot Frontage: 450 feet
Lot Depth: 275 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: Common area access to unit owners
Legal Description: All 1/2 Blk 322

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,432 36,651 103,069
Median Age: 36.1 35.72 35.81
Households: 2,556 16,590 44,292

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