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Grocery-Anchored Ground Lease Land
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2432 S 17th St, Wilmington, NC 28401

4.33-acre site near Novant Hospital, ground leased by Food Lion.

Property SizeContact for details
Lot Size4.33 Acres
Days on Market146

Property Features for 2432 S 17th St

General Information

Standard status Active
Lot size 4.33 Acres
Property subtype LAND

Building Details

Tenancy Single
Listing Agency: Intracoastal Realty Corp
Listed By: Terry Quinn · License #150373
Source: Moodyscre
Added: Apr 15 Changed: Sep 4 Last Checked: Aug 14 at 7:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Intracoastal Realty Corp

Investment Insights

Based on property information with market context.

The offering consists of 4.33 acres of commercial land currently ground leased by Food Lion. The property is described as being in close proximity to Novant Hospital.

As a for-sale investment, this land parcel provides a single, income-producing ground lease with an active grocery and convenience operator.

The asset is positioned to serve retail demand generated by its nearby healthcare setting, with the existing Food Lion lease in place.

Key Highlights

  • 4.33‑acre site near Novant Hospital
  • Currently ground leased by Food Lion

Property Analytics

Current Use

Coinstar Kiosk - Bitcoin ... Atm Western Union Bank Food Lion Grocery & Convenience Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Real Estate Agency HVAC Service Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,230
Businesses Nearby
Under-served
Demand for This Use

Demographics for 28401, NC

22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - 4.33-acre site near Novant Hospital, ground leased by Food Lion.
Where is this grocery and convenience store located?
The property is located at 2432 S 17th St Wilmington, NC.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 4.33‑acre site near Novant Hospital; Currently ground leased by Food Lion
(000) 000-0000 Call to check price and availability
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