1313 Greenfield St, Wilmington, NC 28401-6449

This exceptional investment opportunity presents a vacant, 8,240-square-foot storefront located at 1313 Greenfield St, Wilmington, NC 28401. The property, built in 2016, sits on a 1.11-acre lot at a signalized intersection with multiple access points. It boasts an absolute NNN lease with a remaining term of approximately 6.6 years, expiring June 30, 2031, and features a strong corporate guarantee. The asking price is $1,440,000, representing a compelling $174.76 per square foot and a 9.00% cap rate, with a current NOI of $129,636. The all-brick building benefits from its location in a high-growth area, approximately 1.5 miles from Novant Health's New Hanover Regional Medical Center and 2 miles from a major retail corridor including Whole Foods, Dick's Sporting Goods, Dillard's, Belk, Hobby Lobby, and Harris Teeter. The surrounding area shows significant population growth, exceeding 6% in the next 5 years within a 1-mile radius and nearly 9% within a 5-mile radius. Wilmington's overall population growth is approximately 2% annually, and the Wilmington MSA ranked among the top 10 U.S. Metro Areas for annual growth in 2023. Furthermore, New Hanover County's thriving tourism sector, with visitor spending exceeding $1 billion in 2022, contributes to the area's robust economic climate. This property offers a secure, high-yield investment with significant upside potential in a rapidly expanding market. The property's former tenant, Family Dollar, is part of Dollar Tree, Inc. (NYSE: DLTR), a company with nearly 25,000 locations and over $30.6 billion in reported sales in 2023. Over $875,000 in rent is due before lease expiration.