340 Metro CirWilmington, NC 28401

For Sale
$650,000

Wilmington, NC industrial land investment. High cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents 2± acres of industrial land in Wilmington, North Carolina, ideally situated at 340 Metro Cir, 28401. The property, identified by APN R03200-002-031-000, is zoned I-2 within New Hanover County and boasts a prime location near the US Hwy 421 and I-140 interchange, ensuring excellent accessibility. Currently leased to Mobile Mini Storage Containers, the lease agreement is set to expire June 30, 2028, leaving a remaining term of approximately 3.6 years. The property features a stone laydown yard and is fully fenced, adding to its functionality and security. This land offers a compelling investment prospect with a pro-forma cap rate of 6.50% and an asking price of $650,000. Please note that the tenant should not be disturbed. This is a rare opportunity to acquire a well-located, income-producing industrial land parcel in a thriving market. All information is deemed reliable but not guaranteed.

Highlights

  • 2± acre industrial land in Wilmington, NC, at 340 Metro Cir, 28401.
  • APN R03200-002-031-000, I-2 zoning in New Hanover County.
  • Prime location near US Hwy 421 and I-140 interchange.
  • Leased to Mobile Mini Storage Containers until June 30, 2028 (approx. 3.6 years remaining).
  • Features a stone laydown yard and is fully fenced.
  • 6.50% pro-forma cap rate, $650,000 asking price.

Property Details for 340 Metro Cir

Property type
Other land, Other industrial properties
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.289095007468
Longitude
-77.978226289448
340 Metro Cir, Wilmington, North Carolina

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340 Metro Cir
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