169 Auction Dr Rocky Point, NC 28457
Absolute net lease investment opportunity in metro Wilmington, North Carolina.
Property size:
14,400 SFProperty Features for 169 Auction Dr
General Information
- Size
- 14,400 SF
Building Details
- Year built
- 2024
Source:
Trinity-partners
Listing Agent: Tyson Glasser
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Manheim Auto Absolute Net Lease
This absolute net lease investment opportunity is located in metro Wilmington, NC. The property is occupied by Manheim Auto, a provider of end-to-end wholesale vehicle solutions. Developed in 2024, the facility sits on approximately 37.8 acres of a 58.5-acre site, with the balance of the acreage consisting of wetlands. Manheim relocated to this state-of-the-art facility from an existing location in Wilmington. The property is under a 10-year absolute net lease with a corporate guarantee, commencing in November 2024, and includes three 5-year renewal options with 3% annual rent increases throughout the term. Manheim is a Cox Automotive brand. The property is located in south Pender County, along US-117 just off I-40, less than 30 minutes from downtown Wilmington, the Port of Wilmington, and Wilmington International Airport. The location provides immediate access to I-40 via exit 408, connecting Wilmington to Raleigh. Wilmington International Airport is located 13 miles from the property and had 1.3 million travelers in 2023. The Port of Wilmington is 18 miles from the property. UNC-Wilmington is 16 miles from the property. There are over 38 acres available to redevelop. The property contains 14,400 square feet.
Location Intelligence
Current Use by Public Records
Truck terminals
Map
- City
- Rocky Point
- County
- Pender
- State
- North Carolina
- Longitude
- -77.9355
- Latitude
- 34.4369
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FAQs
What type of property is this?
Truck terminal - Absolute net lease investment opportunity in metro Wilmington, North Carolina.
Where is this truck terminal located?
The property is located at 169 Auction Dr Rocky Point, NC.
What is the asking price?
The asking price for this property is $12,360,000.
What are key features of this property?
This property features: - 10-year absolute NNN corporate lease with Manheim, featuring three 5-year renewal options and 3% annual rent increases.; - New, state-of-the-art Manheim facility developed in 2024.; - Located in the second fastest-growing county in North Carolina, with convenient access to I-40.