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1505 Medical Center, Wilmington, NC :
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.

Property Info
Property Type: Commercial Sale
MLS Number: 100581295
Lot Size:
- 20
- 909 Acres
Status: Active
Property Sub Type:
Price: $450,000
Year Built: 1983
Location Details
Community: Not In Subdivision
Postal Code: 28401
County: New Hanover
City: Wilmington
MLS Addon
Office Name: Prosper Real Estate
Agent Name: Anderson B Horton
1505 Medical Center, Wilmington, NC
$450,000
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