Map
Listed price in listed location currency (USD).
$450,000

000

MLS® 100581295

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 13
Lot Size 0.48 Acres
Approx. Age 1983
MLS® Number 100581295

Property Address: 1505 Medical Center Drive, Wilmington, NC, 28401

Average square foot calculated using Size range provided by listing agent.

Description

Located in a well-positioned commercial corridor of Wilmington, 1505 Medical Center Dr presents a strong investment opportunity with an established long-term tenant already in place. The property is currently leased to Edward Jones - Financial Advisor under a GM lease structure through February 2030, providing steady cash flow with scheduled 3% annual rent increases and a current net income of $30, 135.60. Zoned O&I, this asset offers stability with a nationally recognized tenant, a reported 6.5% cap rate, and an additional renewal option in place, making it an attractive option for investors seeking dependable income in a desirable Wilmington location. Buyer to verify lease terms, income figures, and all due diligence items upon review of the lease agreement. Assignment of Contract.
MLS® Number100581295
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1983
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Map

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