Enclosed Shopping
3500 Oleander Dr, Wilmington, NC 28403
For Sale
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Renovated in 2021, this enclosed Wilmington shopping campus includes multiple department stores and a power center.
Property SizeContact for details
Lot Size0.76 Acres
Days on Market418
Property Features for 3500 Oleander Dr
General Information
Standard status
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Year Renovated
Tenancy
Listing Agency:
Cape Fear Commercial, LLC
(910) 344-1000
Listed By:
Patrick Riley · License NC #230175
(910) 264-2153
Source:
Moodyscre
Added: Sep 22, 2025
Changed: Nov 10
Last Checked: Nov 12 at 10:59AM
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 Cape Fear Commercial, LLC
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Investment Insights
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For sale: an enclosed shopping mall campus at 3500 Oleander Dr in Wilmington, North Carolina, renovated in 2021. The property includes more than 800,000 square feet of retail space and supports a mix of department stores, retail, and restaurant tenants.
The mall houses three department stores: Belk, JCPenney, and Dillard’s. A power center within the campus features Lidl, Ulta Beauty, Five Below, LensCrafters, and Dick’s Sporting Goods.
National retail and restaurant options listed for the campus include First Watch, Jersey Mike’s Subs, American Eagle, JD Sports, and PacSun, among many others. Independence Mall is described as the only enclosed mall within a 55-mile radius and is positioned as the Wilmington region’s dominant fashion-oriented shopping center.
The mall houses three department stores: Belk, JCPenney, and Dillard’s. A power center within the campus features Lidl, Ulta Beauty, Five Below, LensCrafters, and Dick’s Sporting Goods.
National retail and restaurant options listed for the campus include First Watch, Jersey Mike’s Subs, American Eagle, JD Sports, and PacSun, among many others. Independence Mall is described as the only enclosed mall within a 55-mile radius and is positioned as the Wilmington region’s dominant fashion-oriented shopping center.
Key Highlights
- Independence Mall renovated in 2021 with more than 800,000 sq ft of enclosed retail space
- Enclosed mall in Wilmington, NC featuring three department stores: Belk, JCPenney, and Dillard's
- Power center on‑site with tenants including Lidl, Ulta Beauty, Five Below, LensCrafters, and Dick's Sporting Goods
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 28403, NC
38,134
Population
20,424
Households
1.9
Avg Household Size
30
Median Age
48%
College-Educated
94%
High-School Grad
14.0 sq mi
ZIP Area
2,724
Density / Sq Mi
$50,988
Median Household Income
$30,991
Median Earnings
$1,293
Median Rent
$337,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Renovated in 2021, this enclosed Wilmington shopping campus includes multiple department stores and a power center.
Where is this shopping center located?
The property is located at 3500 Oleander Dr Wilmington, NC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Independence Mall renovated in 2021 with more than 800,000 sq ft of enclosed retail space; Enclosed mall in Wilmington, NC featuring three department stores: Belk, JCPenney, and Dillard's; Power center on‑site with tenants including Lidl, Ulta Beauty, Five Below, LensCrafters, and Dick's Sporting Goods
