nCino Sports Park

Overview

nCino Sports Park is a newly built (September 2024) multi-sport facility in Wilmington, NC. Developed on the former Cape Fear Regional Soccer Park site, the $16.9M project was publicly funded by the City of Wilmington after wilmington-hammerheads donated 64 acres of land in 2019.

Ownership & Operations

• Owner: City of Wilmington
• Naming rights: nCino, Inc. (fintech company)
• Primary tenant: wilmington-hammerheads

Specifications

• 11 full-size fields
• 5 fields with lights
• 1 artificial turf field
• 10 natural grass fields
• 3,000 sq ft building with shelter, first aid, restrooms
• Organized parking and concession areas

Economics

• Construction cost: $16.9M (public funding)
• nCino naming rights investment amount unknown

Condition & Lifecycle

Brand new — opened September 2024. Excellent condition.

Investment Thesis

Major new public-investment facility. wilmington-hammerheads’ donation of 64 acres to the city demonstrates deep community ties and potentially complicates any acquisition narrative. Understanding the tenant terms is critical.