Renovated Enclosed Shopping
For Sale
Contact for pricing
3500 Oleander Dr, Wilmington, NC 28403
Enclosed Wilmington shopping center renovated in 2021 with more than 800,000 SF and major department and power tenants.
Property SizeContact for details
Lot Size1.17 Acres
Days on Market333
Property Features for 3500 Oleander Dr
General Information
Standard status
Active
Lot size
1.17 Acres
Property subtype
LAND
Additional Details
Anchor Co-Tenants
Belk, JCPenney, Dillard's, Lidl, Ulta Beauty, Five Below, LensCrafters, Dick's Sporting Goods
Building Details
Year Renovated
2021
Tenancy
Multi
Listing Agency:
Cape Fear Commercial, LLC
(910) 264-2153
Listed By:
Patrick Riley · License #230175
(910) 264-2153
Source:
Moodyscre
Added: Sep 22, 2025
Changed: Aug 8
Last Checked: Aug 20 at 2:09PM
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
Investment Insights
Based on property information with market context.
Opportunity to own and become a part of the Independence Mall campus at 3500 Oleander Dr. Independence Mall is described as the only enclosed mall within a 55-mile radius, serving the Wilmington region as a dominant fashion-oriented shopping center.
The property was renovated in 2021 and features more than 800,000 square feet of space. The mall includes three department stores: Belk, JCPenney, and Dillard’s. It also includes a power center with national and specialty retailers, including Lidl, Ulta Beauty, Five Below, LensCrafters, and Dick’s Sporting Goods.
The campus further includes a variety of retail and restaurant tenants, with examples listed such as First Watch, Jersey Mike’s Subs, American Eagle, JD Sports, and PacSun.
The property was renovated in 2021 and features more than 800,000 square feet of space. The mall includes three department stores: Belk, JCPenney, and Dillard’s. It also includes a power center with national and specialty retailers, including Lidl, Ulta Beauty, Five Below, LensCrafters, and Dick’s Sporting Goods.
The campus further includes a variety of retail and restaurant tenants, with examples listed such as First Watch, Jersey Mike’s Subs, American Eagle, JD Sports, and PacSun.
Key Highlights
- Renovated in 2021 and positioned as the only enclosed mall within a 55‑mile radius
- More than 800,000 square feet of enclosed retail space
- Three department stores: Belk, JCPenney, and Dillard’s
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Enclosed Wilmington shopping center renovated in 2021 with more than 800,000 SF and major department and power tenants.
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 $1,200,000.
What are key features of this property?
This property features: Renovated in 2021 and positioned as the only enclosed mall within a 55‑mile radius; More than 800,000 square feet of enclosed retail space; Three department stores: Belk, JCPenney, and Dillard’s
