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Harris Teeter Fuel Ground Lease 7029 Wrightsville Ave

1 SF Retail Building Wilmington, NC 28403 £1,862,231 (£1,862,231/SF) 5.25% Net Initial Yield

Investment Highlights

  • 2024 construction | Desirable lease term | 18.5+ years remaining
  • Corporate lease | Harris Teeter, LLC | 274+ store locations and 70+ fuel locations across 8 states
  • Located inside of dense retail corridor | 2.5M SF within a 2-mile radius
  • Absolute Net Ground Lease | No landlord responsibilities
  • Outparcel to very successful Harris Teeter and Luma Commons shopping center | Harris Teeter is the closest grocery store to Wrightsville Beach Bridge
  • Attractive population density within a 5-mile radius | 104,908 residents

Executive Summary

Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Harris Teeter Fuel Ground Lease in Wilmington, NC. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
1 SF
Building Class
C
Year Built
2024
Price
£1,862,231
Price Per SF
£1,862,231
Net Initial Yield
5.25%
NOI
£97,767
Tenancy
Single
Number of Floors
1
Land Acres
0.84 AC
Zoning
RB
Parking
20 Spaces (6.74 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Nearby Major Retailers

PNC Bank
9round Fitness
First Citizens Bank
Truist
Starbucks
Harris Teeter
TD Ameritrade
Food Lion
Famous Toastery
United Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R05713-003-004-000
Land Assessment
£382,149
Improvements Assessment
£332,228
Total Assessment
£714,377
  • Listing ID: 34054463

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 7029 Wrightsville Ave, Wilmington, NC 28403

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