5101 Southeast Southport Supply Rd Southport, NC 28461

This investment opportunity is located in the Southport/Oak Island market. Constructed in 2006, the brick building is in tremendous condition and offers several options moving forward. The property is priced below replacement cost and is 100% occupied. The opportunity exists to acquire another adjacent space in the building that is offered off-market. The property is located on the South side of Highway 211, East of Old Long Beach Road, directly across from CVS, and flanked by Advanced Auto to the West and a car wash to the East. The property has a RIRO on Highway 211 and upon road completion will be near a U-turn. The client owns five of seven spaces in this center, which was constructed in 2006, and has been providing financial oversight for the POA. There are three tenants in place with termination dates within two years for all tenants. Mattress Capital occupies Units 1 & 2 with 3,123 square feet and a monthly rent of $3,250.00, with a lease end date of 3/31/27. Tink Salon occupies Unit 3 with 1,314 square feet and a monthly rent of $990.00, with a lease end date of 2/28/27. Coastal Care occupies Units 4 & 5 with 2,551 square feet and a monthly rent of $1,996.50, with a lease end date of 12/31/26. The property size is 7,224 square feet.