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About This Home
This 0-bedroom, 0-bathroom single family at 1505 Medical Center Drive in Wilmington, NC is listed for $450,000 ($300 per sqft). Built in 1983, the home offers 1,500 sqft of living space on a 0.48 acres lot.
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.
Key Features
- Built in 1983
- 0.48 acre lot
Property Details
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1505 Medical Center Drive
Wilmington, NC 28401
Not In Subdivision
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1505 Medical Center Drive is listed at $450,000 ($300/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1983, 0.48 acre lot.
This property is listed by Anderson B Horton and can be reached at 3365040073 or hortonab13@gmail.com.