3Rd St Wilmington, NC 28401
- Commercial real estate
- 2,210 SF
Current Use by Public Records
- Commercial real estate
Property Details for 0 3Rd St
- Property size
- 2,210 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9447
- Latitude
- 34.225
