340 Metro CirWilmington, NC 28401

Property Details for 340 Metro Cir

Lot size

2.00 AC

Property type

Industrial properties

Property subtype

Other land

Description

This exceptional investment opportunity presents 2± acres of industrial land in Wilmington, North Carolina, ideally situated at 340 Metro Cir, 28401. The property, identified by APN R03200-002-031-000, is zoned I-2 within New Hanover County and boasts a prime location near the US Hwy 421 and I-140 interchange, ensuring excellent accessibility. Currently leased to Mobile Mini Storage Containers, the lease agreement is set to expire June 30, 2028, leaving a remaining term of approximately 3.6 years. The property features a stone laydown yard and is fully fenced, adding to its functionality and security. This land offers a compelling investment prospect with a pro-forma cap rate of 6.50% and an asking price of $650,000. Please note that the tenant should not be disturbed. This is a rare opportunity to acquire a well-located, income-producing industrial land parcel in a thriving market. All information is deemed reliable but not guaranteed.

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2891

Longitude

-77.9782

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