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.