2316 N College Rd | Wilmington, NC 28405
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- LoopNet Team
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
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
PROPERTY TAXES
| Parcel Number | R03400-003-011-002 | Improvements Assessment | $6,570,100 |
| Land Assessment | $670,500 | Total Assessment | $7,240,600 |
PROPERTY TAXES
Parcel Number
R03400-003-011-002
Land Assessment
$670,500
Improvements Assessment
$6,570,100
Total Assessment
$7,240,600
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