Free-Standing Retail & Arcade
40194 Tuna Ter Avon, NC 27915
For Sale
$5,000,000
Free-standing commercial building with arcade and established retail clothing store, sold turnkey with inventory and machinery.
Property Size10,000 SF
Price / SF$500
Days on Market81
Property Features for 40194 Tuna Ter
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Commercial
Listing Agency:
SELL IT REALTY, LLC.
(954) 998-2417
Listed By:
ADI GAL · License #A12013523
Source:
Corcoran
Added: May 6
Changed: Jul 21
Last Checked: Jul 25 at 2:28AM
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 SELL IT REALTY, LLC.
Investment Insights
Based on property information with market context.
For sale: a free-standing commercial building totaling 10,000 square feet in Avon, North Carolina, combining real estate and an operating business. The property includes a 3,000 square foot arcade and a 7,000 square foot retail clothing store, each described as established components of the overall income-producing operation.
The offering is presented as turnkey, including the real estate plus full inventory and machinery, intended to support immediate operations upon acquisition. Public remarks note the location is in a high-traffic tourist area with heavy foot traffic.
This is a single, free-standing asset that can suit an investor seeking an income-producing property or an owner-operator looking to run the existing operations. Remarks also indicate the business/investor visa eligibility may apply, with the buyer to verify.
The offering is presented as turnkey, including the real estate plus full inventory and machinery, intended to support immediate operations upon acquisition. Public remarks note the location is in a high-traffic tourist area with heavy foot traffic.
This is a single, free-standing asset that can suit an investor seeking an income-producing property or an owner-operator looking to run the existing operations. Remarks also indicate the business/investor visa eligibility may apply, with the buyer to verify.
Key Highlights
- Free‑standing 10,000 SF commercial building for sale in a high‑traffic North Carolina tourist destination
- 3,000 SF arcade with consistent cash‑flow income
- 7,000 SF retail clothing store with an established operation
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 | $228.0k | $22.80 |
| − Vacancy | −$18.2k | −$1.82 |
| EGI | $209.8k | $20.98 |
| − OpEx | −$62.9k | −$6.29 |
| NOI | $146.8k | $14.68 |
10,000 SF · lease $22.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.10M
$1.84M – $2.45M
NOI $146,832 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.82M
NOI $168,960 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Free-standing commercial building with arcade and established retail clothing store, sold turnkey with inventory and machinery.
Where is this retail space located?
The property is located at 40194 Tuna Ter Avon, NC.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Free‑standing 10,000 SF commercial building for sale in a high‑traffic North Carolina tourist destination; 3,000 SF arcade with consistent cash‑flow income; 7,000 SF retail clothing store with an established operation
