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    OFF-MARKET
    Commercial real estate

    0 3Rd St, Wilmington, NC 28401

    2,210 SF
    Property ID
    Property summary
    AI-generated overview

    This established family entertainment business in downtown Wilmington, NC, presents a rare investment opportunity. Located on S 3rd St, in the heart of the city, this 2,210 square foot, single-story building boasts a proven business model, enjoying significant success since its 2018 renovation. The business includes the rights to the name/brand, trademark, recipes, furniture, fixtures, equipment, and goodwill, encompassing all website, social media, and vendor relationships. The current lease is a NNN agreement with 3.5 years remaining (commencing July 1, 2023, and expiring June 30, 2028). The business features a bar serving beer and wine, though this is not the primary revenue source. A key differentiating component of the business will be disclosed under a Non-Disclosure Agreement. The knowledgeable staff is willing to remain with the business post-sale. Wilmington's robust growth and increasing demand for entertainment opportunities make this a highly attractive investment. Expansion or franchising is a viable option for future growth. Serious inquiries only; proof of funds is required.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 2,210 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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