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Our second featured listing property for the month of March is a meticulously maintained net lease industrial income property, currently occupied by national entity Herc Equipment Rental under a long-term lease agreement. With successive renewals and several years remaining on the lease term, this property promises stability and favorable returns.

Property Details

Positioned prominently along Market Street, this 9,800 square foot light industrial edifice has notable visibility road frontage. Located near the Dutch Square Industrial Park, it enjoys strategic placement conducive to operational efficiency. Additionally, this property has an attractive valuation with a low cap rate. This asset holds promise for discerning investors seeking reliable income streams. Constructed in 1987 and renovated in 1995, this property sits on a 1.13-acre parcel, zoned for Light Industrial use.

About the Area

This property is located within the heart of Wilmington, situated in New Hanover County just off Market Street. There are numerous popular businesses nearby, situating it in a dynamic commercial landscape. Sitting on Market Street, this property has quick access to HWY 74, I-40, Downtown Wilmington, Wrightsville Beach and UNCW.

This opportunity offers stability and growth potential in commercial real estate. With a reputable national tenant secured under a long-term lease and located in a prime Wilmington area, this property is a wise addition to any investment portfolio. Check out the MLS listing for more info on this net lease industrial property, and contact our listing agent to see the property!