1040 Beach Dr SW, Calabash, NC
Retail property with long-term lease near the beach.
- Added:
- Oct 21, 2024
- Days on Market:
- 601
- Last Refresh:
- May 19 at 9:16 pm
Property Features for 1040 Beach Dr SW
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Lot size
- 0.93 Acres
- Property subtype
- RETAIL
Listing agent Mike Thompson
Listing office Realcorp, LLC (304) 925-7000
Listing date Oct 21, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Realcorp, LLC
HighLights
- Incredible location just 1 mile from the beach
- Current lease expires October 31, 2030
- Tenant has five options to renew after expiration date
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.7k | $15.72 |
| − Vacancy | −$14.6k | −$1.62 |
| EGI | $127.1k | $14.10 |
| − OpEx | −$38.1k | −$4.23 |
| NOI | $89.0k | $9.87 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Calabash
- County
- Brunswick
- State
- North Carolina
- Longitude
- -78.5519
- Latitude
- 33.8975
