1505 Medical Center Dr, Wilmington, NC 28401
- $450,000
- List Price
- $450,000
- Status
- PENDING
- MLS#
- 100581295
- Days on Market
- 42
- Year Built
- 1983
- Acres
- 0.48
- Neighborhood
- Not In Subdivision
Property 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.
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Listing courtesy of Prosper Real Estate.
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