Former Chuck-E-Cheese Location

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30660413
Property Subtypes: Car Wash, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related
Status: Pending
Building Size (RSF): 9,600 SF
Gross Land Area: 1.60 Acres
Sale Price: $2,100,000
Unit Price: $218.75 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 9,600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2021

Overview / Comments

4389 Oleander is a prominent re-development site ideally positioned for businesses needing a high traffic, maximum road side exposure located on the Oleander corridor in Wilmington's Midtown submarket. The property is available For Sale, For Lease or for select Build-to-Suit opportunities. Formerly occupied by Chuck E. Cheese, the building measures 9,600 SF, on a 1.6 acre site with 170' of road frontage. Full movement ingress from Oleander Drive provides ready access for the AADT of 29,000.

The property benefits from the continued population and job growth occurring in the Greater Wilmington North Carolina region, which have exceeded national averages over the past 20-years. Wilmington MSA is 280,000 with a larger three-county trade area up to 450,000.

Prominent retailers on the corridor include: Capitol Ford, Mellow Mushroom, Harris Teeter, Whole Foods, Trader Joe's, Chick-Fil-A, Starbucks, CVS, Walgreens, Dunkin Donuts, US Cellular, Advanced Auto, Autozone, Mac's Speed Shop, Batteries Plus, Dick's Sporting Goods, Lidl, Ulta, Five Below, Hobby Lobby and more!

1.6 Acres with 170' of frontage
Zoned RB (Regional Business)
9,600 Square Feet
Outstanding roadside visibility
Full movement ingress on Oleander Drive
Prominent signage opportunities

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06106-002-014-002
Retail Clientele: General, Business
Property Visibility: Excellent
Feet of Frontage: 170
Traffic/Vehicle Count: 29,000
Property Condition: Fair
Year Built: 1984
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,485 82,434 142,904
Median Age: 35.52 35.65 37.2
Households: 4,355 35,606 61,537
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