For Sale
$2,332,000
7250 Market St Wilmington, NC 28411
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Brand-new, state-of-the-art building, constructed in 2023.
- Absolute triple-net lease; zero landlord responsibilities.
- New 15-year lease with 10% rent increases every 5 years; 6.62% average cap rate (assuming purchase at list price).
- Full-term lease guaranty from a high-growth operator with 28+ locations currently open and plans for 50+ by end of 2024.
- Excellent access and visibility from Market Street (46,000 vehicles per day).
- Walking distance to numerous national retailers including Publix, Starbucks, and others.
Property Details for 7250 Market St
- Property type
- Retail properties, Auto shops
- Square Feet
- 1,174 SF
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 28,314 SF
- Units
- 1
Location Insight
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Latitude
- 34.2739035
- Longitude
- -77.8166219
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 7250 Market St Wilmington, NC.
- What is the asking price?
- The asking price for this property is $2,332,000.
- What are key features of this property?
- This property features: Brand-new, state-of-the-art building, constructed in 2023.; Absolute triple-net lease; zero landlord responsibilities.; New 15-year lease with 10% rent increases every 5 years; 6.62% average cap rate (assuming purchase at list price).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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