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United Rentals | Double Net (NN) Lease

$625,000

2716 Old Wrightsboro Road, Wilmington, NC 28405

Pending
Last Updated: 01/18/2021

7.06

Cap Rate

44,100

NOI

Details:
Cap Rate:    7.06%
NOI:    $44,100
Building Size:    3,200 sqft
Lot Area:    1.98 acres
Lease Type:    Double Net
Year Built:    1972
Price Per Sqft:    $195.31
Roof & Structure :    Landlord’s Responsibility
HVAC:    Shared Responsibility
Repairs & Maintenance:    Shared Responsibility
Highlights:
  • Tenant Has Executed its First 5 Year Option, Showing Commitment to This Site
  • United Rentals Reported 2019 Annual Revenues of Over $9 Billion
  • It is the Largest Equipment Rental Company in the World With an Integrated Network of Over 885 Rental Locations Worldwide
  • Strategically Located Near the Wilmington International Airport and Other Industrial Tenants Such as Fastenal, Southco Pipe Supply, Compact Power and Baker Roofing Company
  • Strong Demographics With a Population of 92,499 Residents Making an Average Household Income of $57,307 Within a 5-Mile Radius
  • Less Than 15 Minutes to the New Centre Mall and University Centre Mall With National Tenants Like Walmart, Target, Lowe’s, HomeGoods, Best Buy, Sam’s Club, Academy, Costco and Much More
  • Just 6-Miles Away From the University of NC at Wilmington Which Serves Over 20,000 Students and Staff
  • Wilmington is a Port City in Southeastern North Carolina and is the Eighth Most Populated City in the State; Its Historic Downtown is Along the Cape Fear River and Has Been Ranked as the “Best American Riverfront” Making it a Tourist Hotspot
  • Nearby Tenants Include: Pizza Hut, Food Lion, Taco Bell, Lowe’s, McDonald’s, Dollar General, Advance Auto Parts, Family Dollar, Ace Hardware, FedEx, Shell, Planet Fitness and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,200 SF United Rentals Located at 2716 Old Wrightsboro Road in Wilmington, NC. This is an Excellent Opportunity to Invest in an Industry Leading Tenant Who Just Renewed Their Lease at a High Yield.





In Cooperation With: Sands Investment Group North Carolina, LLC - Lic. # 29362 BoR: Amar Goli - Lic. # 310575

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