3534 Oleander Dr, Wilmington, NC

This fully leased strip center is located in Wilmington, North Carolina, a coastal city that serves as the economic hub of southeastern North Carolina. The property is 100% leased to seven retail tenants, including First Watch, Jersey Mike’s Subs, and Dave’s Hot Chicken, with an average remaining lease term of 7 years. Positioned along Oleander Drive, the site benefits from traffic of 33,500 vehicles per day. The property is located within one of Wilmington’s dynamic and high-performing retail corridors. The adjacent Independence Mall ranks in the 93rd percentile of regional malls statewide. Surrounding big-box retailers also thrive, with Target ranked as the #1 Target in North Carolina (93rd percentile nationally), while Walmart Supercenter and Lowe’s Home Improvement rank in the 79th and 78th percentiles, respectively, within their chains. The property is positioned within a thriving and affluent trade area, surrounded by a demographic base with average household incomes exceeding $110,000 within one mile and $102,000 within five miles. There are over 144,000 residents and 66,000 households within a five-mile radius, reflecting 7.5% population growth and 11.3% household growth since 2020. Population is projected to increase by 5.1% and households by 7.8% by 2030. The University of North Carolina Wilmington (UNCW) is two miles away, enrolling over 19,000 students and employing more than 2,500 faculty. More than 1,200 multifamily units were delivered in 2024, with two large-scale communities completed in 2025, and another 256-unit project scheduled for delivery in 2026.