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… Read More 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. Read Less
Courtesy of Anderson B Horton, Prosper Real Estate
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Square Ft.
1,500
Lot Size
0.48 Acres
Year Built
1983
MLS Number
100581295
30 Days Snapshot Of 28401
$395k
0%
(avg) sold price
0
-100%
homes sold
119
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1983, Toal building area: 1500
Lot
0.48 acres, 20,909 sqft
Property
Zoning: O&I
Taxes
Year: 2025
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