Manheim Auto - Wilmington MSA | 169 Auction Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Manheim Auto - Wilmington MSA 169 Auction Dr
14,400 SF 4-Star Retail Building Rocky Point, NC 28457 $13,000,000 ($903/SF) 6% Cap Rate
Investment Highlights
- Manheim is the nation’s leading provider of end-to-end wholesale vehicle solutions with 115 physical, digital and mobile locations in 11 countries
- Manheim is a Cox Automotive brand, the world’s largest automotive services and technology provider with 29,000+ employees on 5 continents
- Wilmington International Airport (13 miles from Property) is the fastest growing airport in NC with 1.3 million travelers in 2023, a 21% increase fro
- In 2022, Manheim offered nearly 5 million vehicles for sale to dealers through its marketplace representing approx. $75 billion in value
- Immediate access to I-40 via exit 408 connecting Wilmington (20 minutes south) to Raleigh (90 minutes north)
- The Port of Wilmington (18 miles from Property) is strategically located on the East Coast within 700 miles of 70% of the U.S. industrial base
Executive Summary
Trinity Partners is proud to serve as exclusive listing broker on behalf of ownership and present to the marketplace this absolute net lease investment opportunity in metro Wilmington, NC occupied by Manheim Auto, the nation’s leading provider of end-to-end wholesale vehicle solutions (“Manheim” or the “Property”).
The Property was developed in 2024 on approx. 37.8 acres of a 58.5-acre site that was overwhelmingly favored by Manheim (balance of acreage is wetlands). This new state of the art facility is a relocation from an existing facility on the auto stretch in Wilmington where Manheim has been operating for years.
Manheim is on a 10-year Absolute Net lease with a corporate guarantee that commences in November 2024. There are three 5-year renewal options with a whopping 3% rent bump every year throughout the term. Manheim is a Cox Automotive brand, the world’s largest automotive services and technology provider.
The Property is located in south Pender County, the second fastest growing county in North Carolina, along US-117 just off I-40. It is less than a 30-minute commute to downtown Wilmington, the Port of Wilmington, and Wilmington International Airport.
The Property was developed in 2024 on approx. 37.8 acres of a 58.5-acre site that was overwhelmingly favored by Manheim (balance of acreage is wetlands). This new state of the art facility is a relocation from an existing facility on the auto stretch in Wilmington where Manheim has been operating for years.
Manheim is on a 10-year Absolute Net lease with a corporate guarantee that commences in November 2024. There are three 5-year renewal options with a whopping 3% rent bump every year throughout the term. Manheim is a Cox Automotive brand, the world’s largest automotive services and technology provider.
The Property is located in south Pender County, the second fastest growing county in North Carolina, along US-117 just off I-40. It is less than a 30-minute commute to downtown Wilmington, the Port of Wilmington, and Wilmington International Airport.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,400 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$13,000,000
Price Per SF
$903
Cap Rate
6%
NOI
$780,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
58.51 AC
Opportunity Zone
Yes
Zoning
GI - GI (General Industrial)
PROPERTY TAXES
| Parcel Number | 3235-91-0904-0000 | Improvements Assessment | $0 |
| Land Assessment | $132,075 | Total Assessment | $132,075 |
PROPERTY TAXES
Parcel Number
3235-91-0904-0000
Land Assessment
$132,075
Improvements Assessment
$0
Total Assessment
$132,075
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Manheim Auto - Wilmington MSA | 169 Auction Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.