Corner Lot Retail
For Sale
$1,402,000
16015 Swamp Fox Hwy E, Tabor City, NC 28463
Retail storefront on a 3.50-acre corner lot, offered for sale with space sized for a dedicated commercial use.
Property Size10,640 SF
Price / SF$131.77
Days on Market97
Property Features for 16015 Swamp Fox Hwy E
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Discount
Lease Type
NNN
Amenities
COASTAL NC LOCATION IN BETWEEN MYRTLE BEACH & WILMINGTON
LOWER RENT & PRICE POINT WITH UPGRADED CONSTRUCTION
3.59 ACRE CORNER LOT WITH TWO ENTRY POINTS
10.7 YEARS REMAINING ON CORPORATE NNN LEASE WITH RENT INCREASES IN OPTIONS
INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
Building Details
Building Size
10,640 SF
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Don McMinn · License #License(s): GA: 292036
(678) 808-2762
Source:
Marcusmillichap
Added: Jun 1
Changed: Sep 4
Last Checked: Sep 5 at 3:41AM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This for-sale retail storefront property sits on a 3.50-acre corner lot and totals 10,640 square feet of building area, providing a straightforward, dedicated option for retail-oriented tenants or buyers seeking an enclosed commercial space.
The property is located at 16015 Swamp Fox Highway East in Tabor City, North Carolina. As a corner-lot configuration, it can support storefront visibility from more than one direction based on the parcel layout.
Given the property’s retail storefront designation and overall size, it may fit businesses looking for a standalone footprint with room to operate within the existing building. Prospective tenants and owner-users should review the building layout and interior condition in person to confirm suitability for their specific retail requirements. Buyers can also consider how the corner-lot site and available acreage align with their operational needs, site planning, and customer access expectations.
The property is located at 16015 Swamp Fox Highway East in Tabor City, North Carolina. As a corner-lot configuration, it can support storefront visibility from more than one direction based on the parcel layout.
Given the property’s retail storefront designation and overall size, it may fit businesses looking for a standalone footprint with room to operate within the existing building. Prospective tenants and owner-users should review the building layout and interior condition in person to confirm suitability for their specific retail requirements. Buyers can also consider how the corner-lot site and available acreage align with their operational needs, site planning, and customer access expectations.
Key Highlights
- Retail storefront on a 3.50‑acre corner lot
- Year built: 2022
- Space is sized for a dedicated commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,433
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,568,660
$2.6M
Cap Rate 7%
$1,834,757
$1.8M
Cap Rate 9%
$1,427,033
$1.4M
Market Conditions
NOI Build-Up for 10,640 SF
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.
Gross rent
$191.5K $18.00/SF
− Vacancy
−$8.0K −$0.76/SF
EGI
$183.5K $17.24/SF
− OpEx
−$55.0K −$5.17/SF
NOI
$128.4K $12.07/SF
Area
Columbus County, NC
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,568,660
Cap Rate 7%
$1,834,757
Cap Rate 9%
$1,427,033
Alternative Uses
Best Use
Retail
$1.83M
$1.61M – $2.14M
NOI $128,433 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,672 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,808 visits/mo
0.1 miles
Demographics for 28463, NC
8,494
Population
3,063
Households
2.8
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
112.9 sq mi
ZIP Area
75
Density / Sq Mi
$38,671
Median Household Income
$34,375
Median Earnings
$673
Median Rent
$120,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront on a 3.50-acre corner lot, offered for sale with space sized for a dedicated commercial use.
Where is this storefront property located?
The property is located at 16015 Swamp Fox Hwy E Tabor City, NC.
What is the asking price?
The asking price for this property is $1,402,000.
What are key features of this property?
This property features: Retail storefront on a 3.50‑acre corner lot; Year built: 2022; Space is sized for a dedicated commercial use
