Leased Retail Investment
For Sale
Contact for pricing
1040 Beach Dr SW, Calabash, NC 28467
Retail property is currently leased through October 31, 2030 with renewal options thereafter.
Property Size9,014 SF
Price / SF$181.16
Days on Market740
Property Features for 1040 Beach Dr SW
General Information
Standard status
Active
Size
9,014 SF
Property subtype
RETAIL
Listing Agency:
Realcorp, LLC
(304) 925-7000
Listed By:
Mike Thompson · License #WV0009727
(304) 541-7000
Source:
Moodyscre
Added: Oct 21, 2024
Changed: Oct 26
Last Checked: Oct 28 at 11:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This leased retail property is being offered for sale with a current tenant in place. The lease expires October 31, 2030, and the tenant has five renewal options after the expiration date.
The property is located approximately one mile from the beach, offering proximity to seasonal and coastal activity.
With an established lease in place, the asset provides a retail-oriented income stream through the lease expiration date.
The property is located approximately one mile from the beach, offering proximity to seasonal and coastal activity.
With an established lease in place, the asset provides a retail-oriented income stream through the lease expiration date.
Key Highlights
- Current lease expires October 31, 2030, with tenant renewal options thereafter
- Tenant is currently in place for this leased retail property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,973
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,460
$1.8M
Cap Rate 7%
$1,271,043
$1.3M
Cap Rate 9%
$988,589
$988.6K
Market Conditions
NOI Build-Up for 9,014 SF
Gross rent
$141.7K $15.72/SF
− Vacancy
−$14.6K −$1.62/SF
EGI
$127.1K $14.10/SF
− OpEx
−$38.1K −$4.23/SF
NOI
$89.0K $9.87/SF
Area
Brunswick County, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,460
Cap Rate 7%
$1,271,043
Cap Rate 9%
$988,589
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,973 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$110.37M
$96.57M – $128.77M
NOI $7,725,980 @ 7.0% cap · market cap 473.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 28467, NC
11,770
Population
8,098
Households
1.5
Avg Household Size
65
Median Age
31%
College-Educated
97%
High-School Grad
17.4 sq mi
ZIP Area
676
Density / Sq Mi
$72,840
Median Household Income
$38,909
Median Earnings
$1,346
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property is currently leased through October 31, 2030 with renewal options thereafter.
Where is this retail space located?
The property is located at 1040 Beach Dr SW Calabash, NC.
What is the asking price?
The asking price for this property is $1,633,000.
What are key features of this property?
This property features: Current lease expires October 31, 2030, with tenant renewal options thereafter; Tenant is currently in place for this leased retail property
