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2316 N College Rd
Wilmington, NC 28405
Murrayville Station · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate Guarantee: Lowe's Food Stores, Inc. & The PNC Financial Services Group, Inc.
  • Outparcel Tenant: PNC Bank (Ground Lease - $63,869,000 Deposit Base)
  • PNC Bank benefits from 4.5% rental increases every year.
  • Anchored by Lowe's Foods, a leading regional grocer with a dominant presence across the Southeast, operates over 100 locations across the Southeast.
  • Lowes Foods benefits from 5% Rental Increases every 5 years.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
47,962 SF
Building Class
B
Year Built/Renovated
1987/2022
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
5.90 AC
Zoning
B-2 - Business
Parking
262 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
677’ on Murrayville Rd

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R03400-003-011-002
Land Assessment
$670,500
Improvements Assessment
$6,570,100
Total Assessment
$7,240,600
  • Listing ID: 33445378

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 2316 N College Rd, Wilmington, NC 28405

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