3608 Oleander Drive Unit #E, Wilmington, NC 28403

$5,500
3,000
SqFt
Sold Price
$5,500
List Price
$5,200
Status
CLOSED
MLS#
100327026
Closing Date
Jun 07, 2022
Days on Market
27
Year Built
1997
Living Area
3,000
Acres
0.77
Neighborhood
Not In Subdivision
Unit Number
E

Property Description

Amazing opportunity to move into a retail unit with a very high traffic count directly in front of the newly remolded independence mall with NO CAMS FEES!. Lease amount is gross lease including all CAM, taxes and exterior insurance. Tenant responsible for utilities and interior. Newer Trane HVAC and new hot water heater, completely open retail space with multiple doors for public. One handicap bathroom, breakroom and small storage area. Currently leased to America Mattress who can vacate with just two weeks notice (medical issues has caused them to ask for us to market their space). Over $80k paid in new flooring, and upfit over the past 2.5 years. Current tenant is happy to show the space to clients during business hours but needs to be aware you are coming. Agent can show if not during normal business hours. On-site owner-managed. 3-7.5 year term possible with a 3% escalation each year but no TICAM! This is truly a rare opportunity for an amazing retail location! Priced low based on current tenant's remaining lease term. Will write new Lease with options for renewal.

Additional Information

Tenant Pays
Electricity, HVAC Reports, Interior Building Maintenance, Janitorial Service, Liability Insurance, Pest Control, Sewer, Trash Removal, Water
Lease Terms
Negotiable, See Remarks
Taxes
$10,919
Available Amenities
No Amenities
Cooling
Heat Pump
Heating
Heat Pump
Water Heater
Electric
Floors
LVT/LVP
Foundation
Slab
Roof
Flat, Membrane
Exterior Finish
Brick Veneer
Sewer
Municipal Sewer, Municipal Water, Natural Gas Available

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sold Buy The Sea Realty. Selling Office: Premier Realty Group.

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