109 Smith Avenue, Shallotte, NC 28470
Absolute NNN ground lease backed by Bank of America on a major retail corridor entrance.
- Added:
- Jun 11, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 14 at 1:50 am
Property Features for 109 Smith Avenue
General Information
- Standard status
- Active
- Lot size
- 1.10 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agent Tyson Glasser License #SC90007 (404) 435-6312
Listing office Trinity Partners | Greenville (404) 435-6312
Listing date Jun 11, 2026
Source Trinity-partners
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 Trinity Partners | Greenville
HighLights
- ±1.1‑acre site at the intersection of Main Street and Smith Avenue in Shallotte’s primary retail corridor
- 15‑year absolute NNN ground lease with zero LL responsibility commencing August 2026
- Lease includes 10% rent bumps every 5 years throughout the initial term and 4 option periods
- Investment‑grade credit tenant: Bank of America (Moody’s Aa2, S&P A+, Fitch AA)
- Outparcel to Coastal Walk Marketplace, a 176,200 SF retail center anchored by Hobby Lobby, Marshalls, Ross, Bealls, PetSmart, Five Below, and ULTA
- Main St traffic count of 27,000 VPD at the corner with Smith Ave
Overview
Coastal Walk is anchored by Hobby Lobby, Marshalls, Ross, Bealls, PetSmart, Five Below, and ULTA, with additional retailers including Starbucks, Five Guys, Tropical Smoothie Cafe, AT&T, T-Mobile, Aspen Dental, Mattress Firm, and Rack Room Shoes. Walmart is adjacent to the property, and Home Depot and Belk are directly across the street. The site sits at the intersection of Main Street and Smith Avenue, including Main Street with approximately 27,000 vehicles per day, serving Shallotte’s primary retail corridor.
Bank of America is the tenant, supported by the same corporate guaranty structure used across retail branch leases. The remarks cite investment-grade credit ratings from Moody’s (Aa2), S&P (A+), and Fitch (AA), providing a high-credit counterparty for a long-term, ground-lease ownership structure. This configuration is well-suited for investors seeking a passive, long-duration real estate position tied to a national financial operator.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shallotte
- County
- Brunswick
- State
- North Carolina
- Longitude
- -78.377486
- Latitude
- 33.980926
