Pelican Square Shopping Center

Retail-Commercial for Lease
Catylist Listing ID: 30392522
Property Subtypes: Mixed Use, Street Retail
Contiguous Space: 2,400 - 26,171 SF
Total Available: 28,571 SF
Gross Building Area: 42,421 SF
Gross Land Area: 4.71 Acres
Lease Rate: $8 - 10 PSF (Annual)
Base Monthly Rent: $2,000 - 17,447
Lease Types: NNN
Building Name: Pelican Square Shopping Center
Last Updated: 2/18/2021

Overview / Comments

The Pelican Square Shopping Center is ideally situated between Sunset Beach and Ocean Isle Beach, NC with Hwy 904 connectivity to Hwy 17 and Beach Drive connectivity from Shallotte to Calabash, NC. This central Restaurant, Retail & Professional Services destination serves the high net worth year-round population of the South Brunswick Islands, as well as the extended season golf and beach tourism community.

Home to Family Dollar, Spa Rituals Salon and the hugely popular Sarah's Kitchen Beach Diner, this recently updated center has one 2,400 sf unit, as well as the 26,000 sf anchor space which can be leased as-is or subdivided if needed. New to the center is Joey O's Pizza in Units 1637-1639 with planned opening date late Summer 2020.

Expand All 2 Spaces Available

Suite: 1635 26,171 SF $8 PSF (Annual) NNN
Suite: 1641-1643 2,400 SF $10 PSF (Annual) NNN

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County & Town of Sunset Beach
Tax ID/APN: 2420000602
Zoning: MB1
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: On Mainland between the Ocean Isle Beach Bridge and Sunset Beach Bridge
Property Visibility: Good
Largest Nearby Street: Highway 904 & Highway 179
Airports: Equidistant to Wilmington International Airport and Myrtle Beach International Airport
Site Description: Property sits at the intersection of Hwy 904 and Beach Drive, a mile Sunset Beach Waterfront Park, the new Sunset Beach public boat ramp and the bridge to the Island of Sunset Beach. This strategic location provides excellent visibility for travelers to the Islands of Sunset Beach and Ocean Isle Beach, which offer very limited retail and restaurants options on and off the island. This center offers excellent visibility , ample parking and easy access.
Area Description: The Sunset Beach zip code was ranked the #1 Highest Net Worth Zip Code in the three-county Wilmington Region in 2018, 2019 & 2020, with neighboring Calabash ranking #2 and Ocean Isle Beach coming in at #5. According to the "Economic Impact of Travel on North Carolina Counties 2016" state tax revenue generated in Brunswick County totaled $25.39 million through state sales and excise taxes, and taxes on personal and corporate income. About $32.96 million in local taxes generated from sales and property tax revenue from travel-generated and travel-supported businesses. Brunswick County reported Year-Round Population Growth of 61.6% over the last 15 years and is projected to grow 14% over the next five.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1989
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TRACT 1 4.71 ACRES PLAT 101/58

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,525 8,108 15,338
Median Age: 51.38 57.02 54.47
Households: 734 3,907 7,167


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