Leased Retail Investment
1040 Beach Dr SW Calabash, NC 28467
For Sale
Contact for pricing
Retail property is currently leased through October 31, 2030 with renewal options thereafter.
Property Size9,014 SF
Price / SF$181.16
Days on Market647
Property Features for 1040 Beach Dr SW
General Information
Standard status
Active
Size
9,014 SF
Property subtype
RETAIL
Listing Agency:
Realcorp, LLC
(304) 541-7000
Listed By:
Mike Thompson · License #WV0009727
Source:
Moodyscre
Added: Oct 21, 2024
Changed: Jul 26
Last Checked: Jul 28 at 3:14PM
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
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 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 |
9,014 SF · lease $15.72/SF/yr · vacancy 10.30% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
