Building Details

Year built 1990

Flooring type Vinyl

Building materials Block

Roof type Composition

Listing Agency: RE/MAX Ocean Properties · RE/MAX International m***@remax.net Show Phone

Listed By: Mark Mansfield · License #211511 Show Phone

Added: Jan 8 Changed: Sep 12 Last Checked: Oct 5 at 6:06PM

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MLS# 100548152

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Business-only convenience store sale serving the Salter Path area for more than 20 years. The operation includes existing fixtures, equipment, and current inventory, with a business model built around quick groceries, beach supplies, fishing licenses, and fuel. The facility has block construction, vinyl flooring, a composition roof, heat-pump heating and cooling, public water, and a septic tank.

The property is positioned directly on NC Highway 58, the principal route connecting Emerald Isle and Atlantic Beach. Located on Bogue Banks in Salter Path, the business serves year-round local customers along with seasonal visitors and vacation renters. Zoning is B-1. The buyer will be responsible for negotiating a new commercial lease with the landlord.

Key Highlights

• Business‑only sale includes fixtures, equipment, and current inventory
• Operating history of more than 20 years
• Directly positioned on NC Highway 58 in Salter Path

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,850

Cap Rate

6.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$377,000 $377.0K

Cap Rate 7%

$269,286 $269.3K

Cap Rate 9%

$209,444 $209.4K

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$28.8K $9.00/SF

− Vacancy

−$1.9K −$0.59/SF

EGI

$26.9K $8.42/SF

− OpEx

−$8.1K −$2.52/SF

NOI

$18.8K $5.89/SF

Area

Carteret County, NC

Vacancy

6.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$377,000

Cap Rate 7%

$269,286

Cap Rate 9%

$209,444

Alternative Uses

Best Use

Specialty Retail

$598.1K

$523.3K – $697.7K (±1% cap)

NOI $41,864 @ 7.0% cap · market cap 15.22%

Second Best

Retail

$529.9K

$463.7K – $618.2K (±1% cap)

NOI $37,094 @ 7.0% cap · market cap 13.49%

Theoretical Best

Office A

$960.0K

$840.0K – $1.12M (±1% cap)

NOI $67,200 @ 7.0% cap · market cap 24.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Grocery and convenience stores

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28575, NC

164

Population

329

Households

0.5

Avg Household Size

58

Median Age

35%

College-Educated

88%

High-School Grad

0.2 sq mi

ZIP Area

820

Density / Sq Mi

$130,625

Median Household Income

$45,268

Median Earnings

$242,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Business-only sale with equipment, fixtures, and current inventory included; buyer to negotiate a new commercial lease.

Where is this grocery and convenience store located?

The property is located at 1320 Nc-58 Salter Path, NC.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Business‑only sale includes fixtures, equipment, and current inventory; Operating history of more than 20 years; Directly positioned on NC Highway 58 in Salter Path