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34011179
34011177

4701-I Oleander Dr, Wilmington, NC 28403

ST
NC 296845
Lee & Associates - Wilmington
LM
Lee & Associates - Raleigh Durham
Listed by Lee & Associates - Wilmington, Lee & Associates - Raleigh Durham
$525,000
6 days on market
Updated 6 days ago

4701-I Oleander Dr

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,694
Cap Rate 7.30%
NOI $38,316
Tenancy Single
Lease Expiration 12/30/2029
Ownership Condominium

4701-I Oleander Dr, Wilmington, NC 28403

Marketing description

4107 Oleander Drive, Unit I is ideally situated along Oleander Drive, one of Wilmington's most established commercial corridors and a primary connector between Downtown Wilmington, Midtown Wilmington, and Wrightsville Beach. The location benefits from significant daily traffic and serves a dense surrounding population of residents, professionals, and visitors traveling to the area's retail, medical, and recreational destinations.

4107 Oleander Drive, Unit I presents an opportunity to acquire a 1,694-square-foot retail condominium in Wilmington's highly desirable Midtown commercial corridor. Offered as an investment property, the condo is leased to an established tenant through December 2029, providing immediate cash flow and income stability.

Positioned along one of Wilmington's busiest commercial thoroughfares, the property benefits from strong visibility, excellent demographics, and convenient access to Downtown Wilmington, Wrightsville Beach, and major retail and employment centers.

For investors, this offering provides the advantage of predictable rental income with a secured lease term through December 2029, minimizing near-term leasing risk while allowing for long-term appreciation in one of coastal North Carolina's strongest commercial markets.

Whether you're completing a 1031 exchange, expanding your commercial portfolio, or seeking a stable income-producing asset, 4107 Oleander Drive, Unit I offers the opportunity to acquire a well-located retail condo backed by an existing tenant and a proven Midtown Wilmington location.

Investment highlights

  • 1,694 SF Retail Condominium strategically located in Wilmington's highly desirable Midtown commercial corridor.
  • Investment Opportunity with Tenant in Place providing immediate income and lease secured through December 2029.
  • Prime Oleander Drive Location offering excellent visibility and convenient access to Downtown Wilmington, UNCW, Wrightsville Beach, and major thoroughfares.
  • Strong Surrounding Demographics with a dense mix of residential neighborhoods, retail centers, medical offices, and professional businesses driving consistent consumer traffic.
  • Professionally Maintained Commercial Asset ideal for investors seeking stable cash flow and long-term appreciation potential.
  • Low-Maintenance Condo Ownership allowing investors to acquire a commercial asset without the responsibilities of a standalone building.
  • Excellent 1031 Exchange or Portfolio Addition with predictable income, a strategic location, and positioning within one of Wilmington's strongest retail submarkets.

Listing Contacts

ST
NC 296845
Lee & Associates - Wilmington
LM
Lee & Associates - Raleigh Durham
Listed by Lee & Associates - Wilmington, Lee & Associates - Raleigh Durham

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,316.00
$3,193.00/mo

Valuation Metrics

0
DSCR
7.3%
Cap Rate
7.3%
ROI

Map

Zoning

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RB CommercialGeneral CommercialRegional Business
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sandy Thorpe
License
296845
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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