Bank Ground Lease
For Sale
$2,736,800
109 Smith Avenue, Shallotte, NC 28470
Absolute NNN ground lease backed by Bank of America on a major retail corridor entrance.
Property Size4,650 SF
Lot Size1.10 Acres
Days on Market85
Property Features for 109 Smith Avenue
General Information
Standard status
Active
Size
4,650 SF
Lot size
1.10 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
27,000 vehicles/day
Building Details
Building Size
4,650 SF
Year Built
2026
Tenancy
Single
Listing Agency:
RealtyLink - Corporate
Listed By:
Tyson Glasser
(404) 435-6312
Source:
Trinity-partners
Added: Jun 11
Changed: Aug 7
Last Checked: Sep 2 at 1:31PM
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 RealtyLink - Corporate
Investment Insights
Based on property information with market context.
The property is an approximately 1.1-acre outparcel set at the entrance to Coastal Walk, a 176,200-square-foot retail center. It is offered as a 15-year absolute NNN ground lease with zero landlord (LL) responsibility, commencing August 2026. The lease structure includes 10% rent increases every five years throughout the initial term, plus four option periods.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Hwy 55 Burgers, Shakes & Fries
Dining
1,996 visits/mo
0.4 miles
Take 5 Oil Change
Shops & Services
1,130 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
625 visits/mo
0.4 miles
Demographics for 28470, NC
11,141
Population
6,123
Households
1.8
Avg Household Size
48
Median Age
22%
College-Educated
90%
High-School Grad
44.7 sq mi
ZIP Area
249
Density / Sq Mi
$68,043
Median Household Income
$37,563
Median Earnings
$1,060
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Absolute NNN ground lease backed by Bank of America on a major retail corridor entrance.
Where is this bank located?
The property is located at 109 Smith Avenue Shallotte, NC.
What is the asking price?
The asking price for this property is $2,736,800.
What are key features of this property?
This property features: ±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
