Excellent opportunity to own a highly stable, highly visible asset in the Wilmington, NC market. This offering consists of three buildings, all single tenant. The primary building is occupied by Miller-Motte Technical College. Two smaller buildings are leased by Coastal Jewelry and Pawn and Gotcha Covered Upholstery, respectively. This stable package of income properties are being offered at a 9.1% cap rate, and the property offers upside through in place rent escalators.

Location Description:

This property is located on a highly visible main corridor in Wilmington North Carolina. Market Street (US Hwy 17) is a main north-south corridor through the city, and is a major retail corridor. In close proximity to this location are retailers such as Target, Chick-fil-a, Arby's, and Costco along with many regional and local tenants.

Highlights:

>> Net leased investment property for sale

>> Credit anchor tenant through 2021

>> Second tenant renewed for 5 years in 2012

>> Rental increases in all leases

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Sales Info:

>> Cap rate: 9.1%

>> Commision split: 2.0%

>> NOI: $957287