Wilmington, North Carolina, is a prime location for restaurants, with its rich history, diverse economy, and vibrant cultural scene. With a population of around 120,000, Wilmington offers a unique blend of small-town charm and big-city amenities, making it an attractive destination for both locals and tourists. The city's historic downtown area, recognized as the "Best American Riverfront" in 2014, is a hub of activity, with a riverwalk, shops, and restaurants. Additionally, Wilmington is home to the University of North Carolina Wilmington, Cape Fear Community College, and several other institutions, providing a steady stream of customers for restaurants. With its proximity to the Atlantic Ocean and several beach communities, Wilmington is a popular destination for tourists, further increasing the demand for restaurants. We currently have 3 restaurants for lease in Wilmington, offering a range of options from 2,000 square feet to 19,500 square feet, with average annual rents ranging from $26 USD to $26 USD.
Wilmington's restaurants benefit from the city's diverse economy, which includes industries such as electrical equipment, pharmaceuticals, tourism, and a sizable seaport along the Cape Fear River. The city's infrastructure is well-developed, with the Wilmington International Airport, the Cape Fear Public Transportation Authority, and the Gary Shell Cross-City Trail providing easy access to various destinations. In addition to restaurants, Wilmington also offers a range of other commercial properties, including retail space, commercial real estate, and flex space. Retail space is available in various locations, including the historic downtown area and shopping centers like Mayfaire Town Center. Commercial real estate options include office buildings and warehouses, while flex space is available for a variety of uses, including industrial, office, and retail. With its unique blend of history, culture, and economic activity, Wilmington is an attractive location for businesses of all types.
How are restaurant leases typically structured?
In Wilmington, restaurant leases are typically structured to accommodate the unique needs of food service businesses, with average annual rent per square foot ranging from $26 USD and average space sizes of 6,375 square feet, up to a maximum of 19,500 square feet.
Lease terms often include a combination of base rent, percentage rent, and common area maintenance (CAM) fees, with lease durations typically ranging from 5 to 10 years, allowing restaurateurs to establish a stable presence in the market while also providing flexibility for growth and adaptation.
What kitchen equipment is usually included in restaurant leases?
When exploring the 3 available listings of restaurants for lease in Wilmington, you'll often find that kitchen equipment is included in the lease agreement. Typically, this equipment includes commercial-grade appliances such as ovens, refrigerators, dishwashers, and ventilation systems, which are essential for operating a successful restaurant in this coastal city, where the average annual rent per square foot is $26 USD and the average size of a restaurant lease is around 6,375 square feet, with some spaces reaching up to 19,500 square feet.
