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The Range Retail 404 51st St 3,240 SF of Retail Space Available in Wilmington, NC 28409
Highlights
- Oleander Road Frontage
- Located in a growing and high traffic area
- End-Cap Space
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,240 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Includes a grease trap Oleander Road Frontage 31,000 VPD on Oleander Drive
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 | 3,240 SF | Gross Leasable Area | 12,208 SF |
| Property Type | Retail | Year Built | 2024 |
| Total Space Available | 3,240 SF |
| Property Type | Retail |
| Gross Leasable Area | 12,208 SF |
| Year Built | 2024 |
About the Property
Introducing a premier multi-tenant retail and hospitality building, located in the heart of New Hanover County. Spanning 12,208 square feet, this development is the latest project by renowned developers, East West Partners. With prime Oleander Road frontage, this property benefits from high visibility and excellent access to a growing commercial and residential hub. The surrounding area has had significant growth, with over 345 new apartments completed and currently leasing, offering a steady stream of potential customers for retail and hospitality tenants. This location provides an exceptional opportunity for businesses seeking to establish a presence in a rapidly developing, high-traffic area.
Nearby Major Retailers
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The Range Retail | 404 51st St
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