Retail Investment Building with Tenants for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30708130
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 4,988 SF
Gross Land Area: 1.16 Acres
Sale Price: $1,350,000
Unit Price: $270.65 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Tidewater Plaza
Usable Size (USF): 4,988 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2021

Overview / Comments

A 3-unit retail building located on a Wal-Mart Shopping Center out-parcel in Southport NC. Two of the units are currently leased to US Cellular and Great Clips.
The 3rd unit is currently vacant was last used as a bank, and is approximately 2500 SF. This unit has well appointed decor and includes a 2-window, 2-lane drive through. The out-parcel location is at the main traffic lighted entrance with 181 ft. of road frontage along N. Howe St.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Southport, NC
Tax ID/APN: 2210003104
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: N. Howe St. and River Road
Property Visibility: Excellent
Largest Nearby Street: N. Howe St
Feet of Frontage: 232
Traffic/Vehicle Count: 19,500
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Lot Frontage: 232 Ft.
Lot Depth: 247 Ft.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,674 8,317 10,687
Median Age: 50.29 52.69 52.06
Households: 1,259 3,835 4,930
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