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2705 Market St 1,770 - 11,652 SF of Space Available in Wilmington, NC 28403
Sublease Highlights
- Highly visible on the Market St corridor
- Convenient to ILM International Airport
- High traffic counts
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 1,770-5,719 SF | 12’ | Negotiable | $26.00 /SF/YR $2.17 /SF/MO $148,694 /YR $12,391 /MO | Modified Gross | |
| 2nd Floor | 5,933 SF | 9’ - 18’ | Negotiable | $22.00 /SF/YR $1.83 /SF/MO $130,526 /YR $10,877 /MO | Modified Gross |
1st Floor
This ground floor space can be demised into as many as three +/-1,770rsf spaces. The landlord will deliver the spaces as warm vanilla shell.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 12’
- Central Air and Heating
- Private Restrooms
- Corner Space
- High Ceilings
- Natural Light
- After Hours HVAC Available
- Display Window
- Wheelchair Accessible
- High visibility
- High traffic counts
- Convenient to ILM International Airport
- Convenient to Downtown Wilmington
- Nearby high net worth demographics
2nd Floor
This second floor walk-up space will be delivered in warm vanilla shell condition and will be perfect for a professional office user or a co-working space operator.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Finished Ceilings: 9’ - 18’
- Central Air and Heating
- High Ceilings
- Natural Light
- After Hours HVAC Available
- Hardwood Floors
- High visibility
- High traffic counts
- Convenient to ILM International Airport
- Convenient to Downtown Wilmington
- Nearby high net worth demographic
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 11,652 SF | Property Subtype | Freestanding |
| Min. Divisible | 1,770 SF | Gross Leasable Area | 11,792 SF |
| Property Type | Retail | Year Built | 1921 |
| Total Space Available | 11,652 SF |
| Min. Divisible | 1,770 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 11,792 SF |
| Year Built | 1921 |
About the Property
Presenting The Market Exchange, offering +/- 1,770 to 11,652 rsf of retail and office space in the highly visible Market St. corridor. This thoughtfully designed adaptive reuse project offers a diverse range of space options to fit a variety of uses. The ground floor can be demised into one to three units, while the second floor will encompass 5,933 rsf of open office space. An additional +/-1,860 sf. of wired storage space at the rear of the building is available for any future tenant at an additional rate or can be leased by a separate user. The spaces will be delivered as warm vanilla shell, with completion expected between the end of Q1 and beginning of Q2 2026.
- Pylon Sign
Nearby Major Retailers
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2705 Market St
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