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Wallace Crossing Shopping Center 715-901 N Norwood St 1,500 - 66,000 SF of Retail Space Available in Wallace, NC 28466
HIGHLIGHTS
- Wallace Crossing Shopping Center anchored by Ollie’s Bargain Outlet with KFC, Hardee's & GOGAS #12
- Located on Wallace's US Hwy 117 commercial corridor including Farmers Home Furniture, Tractor Supply, Builder’s Discount Center, CVS, Piggly Wiggly
- 3 miles from Interstate 40 in Wilmington NC MSA
- Built-to-Suit: Retail & Office Spaces • Flex Warehouse with 2 Dock High Doors • Conditioned Self-Storage • RV Parking • Lay Down Yards
- Outparcels on US HWY 117 Zoned Highway Business with 11,000+ daily traffic count
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste A | 1,500-33,000 SF | 10’ - 16’ | Negotiable | $20.77 CAD/SF/YR $1.73 CAD/SF/MO $685,328 CAD/YR $57,111 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste B | 1,500-33,000 SF | - | Negotiable | $9.69 CAD/SF/YR $0.81 CAD/SF/MO $319,820 CAD/YR $26,652 CAD/MO | Triple Net (NNN) |
1st Floor, Ste A
Build to Suit Spaces Available: Retail, Office, Flex Industrial, Conditioned Self-Storage. 1,500 Square Feet to 66,000 Square Feet.
- Lease rate does not include utilities, property expenses or building services
- Space In Need of Renovation
- Can be combined with additional space(s) for up to 66,000 SF of adjacent space
- Finished Ceilings: 10’ - 16’
1st Floor, Ste B
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 66,000 SF of adjacent space
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.
SELECT TENANTS AT WALLACE CROSSING SHOPPING CENTER
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Ollie's Bargain Outlet
- Retailer
- -
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Ollie's Bargain Outlet | Retailer | - | - |
PROPERTY FACTS
| Total Space Available | 66,000 SF | Total Land Area | 15.94 AC |
| Min. Divisible | 1,500 SF | Year Built | 1991 |
| Property Type | Retail | Parking Ratio | 6/1,000 SF |
| Property Subtype | Freestanding | Cross Streets | U.S. Hwy. 117 & Blanchard St. |
| Gross Leasable Area | 117,992 SF |
| Total Space Available | 66,000 SF |
| Min. Divisible | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 117,992 SF |
| Total Land Area | 15.94 AC |
| Year Built | 1991 |
| Parking Ratio | 6/1,000 SF |
| Cross Streets | U.S. Hwy. 117 & Blanchard St. |
ABOUT THE PROPERTY
Built-to-Suit: Retail & Office Spaces • Flex Warehouse with 2 Dock High Doors • Conditioned Self-Storage • RV Parking • Lay Down Yards • US Hwy 117 Outparcels Zoned Highway Business. Wallace Crossing Shopping Center is located on Wallace's US HWY 117 Commercial Corridor with daily traffic counts of 11,000+. Anchored by Ollie's Bargain Outlet the other businesses include: Hardee's, KFC, GoGas, Uhaul and a CashPoints® ATM. Ample, dedicated parking and multiple access points. Nearby businesses include Truist Bank, Farmers Home Furniture, Tractor Supply Company, Builder’s Discount Center, Ace Harware, CVS, Piggly Wiggly, Dollar General, Pizza Hut, Bill Carone Chevrolet GMC, Enterprise Rent-A-Car, Advance Auto Parts, AutoZone Auto Parts, 1-800-PACK-RAT & Murphy Family Ventures.
- Pylon Sign
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Wallace Crossing Shopping Center | 715-901 N Norwood St
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