The Courtyard of Masonboro

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30210362
Property Subtypes: Neighborhood Center, Net Leased
Status: Pending
Building Size (RSF): 22,640 SF
Gross Land Area: 4.18 Acres
Sale Price: $3,700,000
Unit Price: $163.43 PSF
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Courtyard at Masonboro
Usable Size (USF): 22,527 SF
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 6/19/2018

Overview / Comments

22,527 square feet Neighborhood Center centrally located in intersection of Masonboro Loop and Masonboro Sound Roads, in Wilmington, NC 28409.
Fantastic merchant mix, with two restaurants, two medical uses, dry cleaners (pick up/drop off), financial planner, Beauty Salon, The Veggie Wagon, Port City Java, and a manicure salon. Only one space is available for lease.

Current Tenants

Tenant Business Name Veggie Wagon
Phone Number 910-795-2123
Website URL www.theveggiewagon.com
Industry Type Retail Trade
Tenant Notes The Veggie Wagon is a locally family owned gourmet retail market located in Wilmington, North Carolina.
Tenant Business Name Halligan's Public House
Phone Number 910-791-1019
Website URL www.halligansnc.com
Industry Type Accommodation and Food Services
Tenant Notes Halligan's Public House is Wilmington's family, friendly neighborhood pub!
Tenant Business Name Siena Trattoria
Phone Number 910-794-3002
Website URL www.sienawilmington.com
Industry Type Accommodation and Food Services
Tenant Notes Delicious Italian food prepared from the finest and freshest ingredients. Dine indoors or out. Seasonal daily meat, seafood and pasta specials.
Tenant Business Name Two Fifty Cleaners
Phone Number (910) 350-8995
Industry Type Other Services
Tenant Notes Dry Cleaners
Tenant Business Name Port City Java
Phone Number 910-660-8320
Website URL www.portcityjava.com
Industry Type Accommodation and Food Services
Tenant Notes Coffee House
Tenant Business Name Pure by Gloss
Phone Number (910) 769-6731
Industry Type Professional/Scientific/Technical Services
Tenant Notes Hair Salon
Tenant Business Name Star Nails
Phone Number (910) 765-1086
Industry Type Professional/Scientific/Technical Services
Tenant Notes Nail Salon
Tenant Business Name Michele Simpson, DDS
Phone Number 910-550-3959
Website URL https://www.crownmysmile.com/
Industry Type Health Care and Social Assistance
Tenant Notes Dentist-PROVIDING CONTEMPORARY DENTISTRY FOR OVER 16 YEARS.
Tenant Business Name Edward Jones
Phone Number 910-452-2898
Website URL www.edwardjones.com/jd-swart
Tenant Notes Financial Advisor
Tenant Business Name Behavioral Consulting for Autism
Phone Number 910-599-5468
Website URL www.behavioralconsultingnc.com
Tenant Notes Behavioral Consulting for Autism provides ABA and family consultation and is dedicated to improving the quality of life for individuals with autism spectrum disorders.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: Lot 1 & Lot 4 Masonboro Village
Zoning: MX - CITY OF WILMINGTON
Retail Clientele: General, Family, Business, Recreation
Property Located Between: Masonboro Loop and Masonboro Sound Roads
Property Visibility: Excellent
Largest Nearby Street: College Road, NC 132/I-40
Feet of Frontage: 593
Traffic/Vehicle Count: 12,000
Airports: ILM
Site Description: Developed
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 1,280 SF
Property Condition: Excellent
Year Built: 2006
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Brick, Wood Frame
Exterior Description: Retail glass front with hollow metal frames, brick exterior, and covered walkway.
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, Gigabit
Zoning Description: MX Zoning, Mixed use of retail, service, medical
Part of Planned Development?: Yes
Lot Frontage: 593
Lot Depth: Triangular shaped
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Lot 1 & Lot 4, Masonboro Village

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,194 60,826 126,825
Median Age: 41.59 37.56 37.12
Households: 2,735 24,932 54,742
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