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Space Available For Lease 1
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This offering is for the former leasing office and restaurant located at 5040 Market Street. Property is 4080 +/- sf in the entirety but can be subdivided creatively. This building features 4 bathrooms, offices, restaurant area and reception area for hotel guests. The building has 3 entrance/exits. Access for deliveries can arrive in the rear. This building is located in front of a future 120 unit apartment complex that was approved in June of 2022. The space is currently built out for a restaurant and the reception/check in for the former hotel. We are seeking concepts that are low to moderate traffic generators who prefer to benefit from the exposure to 53,000 cars per day that pass the property. Surrounding retail uses include. Walmart Super Center. Target, Academy Sports, Costco. There will be a future median on market street, but as of right now the property enjoys full access from the driveway out to market street. Building plans available upon request for tenants to test fit the space.
See our site plan for property location.
Nicholas SilivanchEastern Carolinas Commercial Real Estate (910) 399-4602 John HinnantEastern Carolinas Commercial Real Estate (910) 399-4602 |
Contacts
Nicholas Silivanch
Eastern Carolinas Commercial Real Estate
(910) 399-4602
John Hinnant
Eastern Carolinas Commercial Real Estate
(910) 399-4602
Property Details
- Property Type Retail
- Property Size 49,288 SF
- Lot Size 3 Acre
- Parking Spaces Avail. 129
- Parking Ratio 2.62 / 1,000 SF
- Year Built 1974
- Date Updated Apr 12, 2024
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Getting around
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Walk Score ®
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Location
- City Wilmington, NC
- Neighborhood New Center
- Zip Code 28405
- Market Wilmington
Points of Interest
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Exxon
0.14 miles
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Murphy USA
0.29 miles
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Costco Gasoline
0.60 miles
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Sam's Club
0.69 miles
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BP
0.86 miles
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Exxon
1.34 miles
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Shell
1.37 miles
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Go Gas
2.01 miles
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Circle K
2.18 miles
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Shell
2.27 miles
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Lot C
1.00 miles
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Lot D
1.09 miles
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Lot B
1.13 miles
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Lot G
1.16 miles
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Lot H
1.16 miles
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Lot F (Visitor Parking)
1.18 miles
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Lot I
1.23 miles
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Lot Q
1.24 miles
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Lot M
1.25 miles
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Lot A
1.28 miles
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Arby's
0.10 miles
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Hooters
0.10 miles
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Dunkin'
0.11 miles
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Chick-fil-A
0.16 miles
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Genki Sushi
0.19 miles
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Bonefish Grill
0.21 miles
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Chopstix
0.30 miles
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Jason's Deli
0.39 miles
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Jax Fifth Avenue Deli
0.40 miles
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Checkers
0.42 miles
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Target
0.39 miles
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Walmart Supercenter
0.41 miles
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Ross
0.56 miles
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Food Lion
0.61 miles
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TJ Maxx
0.80 miles
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Harris Teeter
1.64 miles
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Trader Joe's
2.27 miles
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Whole Foods Market
2.35 miles
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Independence Mall
2.56 miles
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Food Lion
2.66 miles
5040 Market St Listing Brief
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A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.
5040 Market St is located in New Center, which is home to a total of 6 listing(s). Retail space at 5040 Market St asks $30.00/SF/YR per square foot.
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The property includes 4,080 square feet of retail space for lease. Of this total, 4,080 square feet are Restaurant.
Lease agreement conditions for the availability at this property include NNN.
For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.
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You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.
For car-travelling customers, 5040 Market St has a parking ratio of 2.62 / 1,000 SF, offering 129 parking spaces. The size of the space, the quality of the build, special attributes, as well as overall upkeep and property rating can also influence the going rate. For instance, properties that were renovated or rehabilitated more recently bring greater value to tenants.
Knowing your ideal customer is essential. For your consideration, the average age of residents in New Center is 35. The average household income here is $53,242 per year.
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.