5201 College S Rd, Wilmington, NC 28412-2209
- Banks
- 3,774 SF
- 1.13 lot acres
Current Use by Public Records
- Suntrust Mortgage / Loan Service / Bank
- Truist / Bank / Loan Service
- ATM / Atm
Property Details for 5201 College S Rd
- Year built
- 2000
- Construction
- STEEL FRAME
- Lot size
- 1.13 lot acres
- Zone code
- O&I,OFFICE & INSTITUTION
- Property type
- Banks
- APN
- R07600-002-001-000
- APU
- R07600002001000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 9, 2025 | $3,808,000 | Rmap LLC | Wmg Exchange 1 LLC | Special Warranty Deed | — |
| May 10, 2024 | — | Fifth Third Bank | Wmg Exchange 1 LLC | Warranty Deed | — |
| Sep 6, 2022 | $2,600,000 | Wmg Exchange 1 LLC | R&l Holdings Wb LLC | Special Warranty Deed | — |
| Apr 8, 2020 | $2,225,000 | R & L Holdings Wb LLC | Jff Properties LLC | Grant Deed · related | $1.3M · First Bk |
| Dec 15, 2008 | — | Jff Properties LLC | Freeman,joseph F JR | Warranty Deed · related | — |
| Sep 2, 2008 | — | Joseph F Freeman JR. | Gssc Properties LLC | Grant Deed | $1.1M · Rbc Bank (usa) |
| — | — | Jff Properties LLC | — | Loan Modification · related | $611k · Pnc Bank |
| — | — | Jff Properties LLC | — | Deed Of Trust · related | $600k · Capital Bk |
Description
This exceptional investment opportunity presents a 3,855 square foot Class A retail property, currently occupied by Fifth Third Bank under a 20-year absolute NNN ground lease. The lease commenced November 4, 2024, and expires October 30, 2044, offering significant long-term stability. The property boasts a 4.75% cap rate and a substantial net operating income (NOI) of $190,000. Rent increases are structured with a 10% bump every five years, providing consistent growth potential. The tenant, Fifth Third Bank, is a Fortune 500 company with a strong corporate guarantee, mitigating risk. Situated on a 1.13-acre lot at 5201 College Rd, Wilmington, NC 28405, this strategically located property benefits from high visibility and accessibility, with over 300 linear feet of frontage on a busy thoroughfare. The property features two points of ingress and egress. The surrounding area is a thriving retail hub, with a low vacancy rate (1.3% within a one-mile radius) and high-traffic neighbors including Walmart, Lowe's, Chick-fil-A, and Wendy's. Built in 2000 and renovated in 2024, the property is in excellent condition. The lease includes four five-year renewal options. This is a rare opportunity to acquire a stable, high-performing asset in a rapidly growing market. Wilmington's robust economic growth, fueled by recent corporate expansions and job creation, further enhances the investment's long-term value.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8919
- Latitude
- 34.1451
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
