Prime Retail Space - Market Street Visability

Retail-Commercial for Lease
Catylist Listing ID: 30357713
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 1,496 SF
Gross Building Area: See Agent
Lease Rate: $20 PSF (Annual)
Base Monthly Rent: $2,493
Lease Types: NNN
Last Updated: 12/7/2018

Overview / Comments

The Promenade at Market is centrally located to Downtown Wilmington, Wrightsville Beach and Porters Neck. Less than 2 mi from UNCW in the heart of Wilmington’s most condensed retail area.
Tenants within the Promenade include Johnny Lukes Kitchen, Seasoned Gourmet, Carter Kayte Day Spa, Adam & Eve. The property is surrounded by Home Depot, Kohls, O2 Fitness, Hampton Inn & Suites, Land Rover Cape Fear and Audi dealerships and Corning Wilmington.
Suite 100 is currently fitted up as full service restaurant/bar with outstanding kitchen. Landlord will consider removing restaurant fitup if tenant prefers the space to be used as retail. With the rapid growth of the foodie scene in the Wilmington market, there are very limited opportunities for restaurant spaces that are “ready to go”.
Suite 105 is 1496 of prime retail space facing Market St.
Outstanding street visibility with traffic counts averaging 34,000 daily.
Monument signage space available as well as building signage.

Expand All Available Space

Suite: 100-105 1,496 SF $20 PSF (Annual) NNN
Space Available: 1,496 SF
Lease Rate: $20 PSF (Annual)
$2,493 (Monthly)
Lease Type: NNN
Space Description: Currently suite is fitted up as restaurant with large bar and outstanding kitchen. Owner is willing to lease the suite as retail suite and have restaurant equipment removed.
Date Available: 10/16/2018
Space Type: New
CAM Expenses $4 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3% escalations annually
Rent Concession negotiable

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05009-005-023-000
Zoning: RB
Retail Clientele: General, Business, Tourist, Other
Property Located Between: market & eastwood
Property Visibility: Excellent
Largest Nearby Street: Market St.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2004
Total Parking Spaces: 60
Parking Ratio: 4.6 (per 1000 SF)
Parking Type: Surface
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,754 66,974 137,521
Median Age: 34.35 33.31 36.76
Households: 4,459 28,712 58,798

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