Retail Property in High-Growth
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5177 Southport Supply Road SE, Southport, NC
Triple-Net lease investment with value-add potential in Southport, NC.
Property Size7,140 SF
Lot Size0.89 Acres
Price / SF$235.29
Days on Market304
Property Features for 5177 Southport Supply Road SE
General Information
Standard status
Active
Size
7,140 SF
Lot size
0.89 Acres
Property subtype
RETAIL
Listing Agency:
Bell Commercial
(336) 451-5949
Listed By:
Henry Carrison
(336) 451-5949
Source:
Moodyscre
Added: Oct 23, 2025
Changed: Jul 6
Last Checked: Aug 22 at 5:38AM
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 Bell Commercial
Investment Insights
Based on property information with market context.
This property is structured as a Triple-Net (NNN) lease investment, providing passive ownership with minimal landlord responsibilities, as tenants are responsible for taxes, insurance, and common area maintenance. It is located in a thriving, high-growth community and offers significant value-add potential through below-market rents. The property benefits from a prominent location with excellent traffic and visibility. The property size is 7140 square feet and is located at 5177 Southport Supply Road SE, Southport, NC. It offers proven stability and long term occupancy.
Key Highlights
- Triple‑Net (NNN) lease offers passive ownership with minimal landlord responsibilities.
- Significant value‑add potential through below‑market rents.
- Prominent location with excellent traffic and visibility.
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
$70,476
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
4.20%
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%
$1,409,520
$1.4M
Cap Rate 7%
$1,006,800
$1.0M
Cap Rate 9%
$783,067
$783.1K
Market Conditions
NOI Build-Up for 7,140 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
$112.2K $15.72/SF
− Vacancy
−$11.6K −$1.62/SF
EGI
$100.7K $14.10/SF
− OpEx
−$30.2K −$4.23/SF
NOI
$70.5K $9.87/SF
Area
Brunswick County, NC
Vacancy
10.30%
Lease Rate
$15.72 /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%
$1,409,520
Cap Rate 7%
$1,006,800
Cap Rate 9%
$783,067
Alternative Uses
Best Use
Retail
$1.01M
$881.0K – $1.17M
NOI $70,476 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$87.43M
$76.50M – $102.00M
NOI $6,119,758 @ 7.0% cap · market cap 364.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
81k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 34%
Dining 29%
Superstores 18%
Shops & Services 15%
Lowe's
Home Improvements & Furnishings
27,445 visits/mo
0.5 miles
Big Lots
Superstores
14,670 visits/mo
0.5 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
10,642 visits/mo
0.2 miles
Wendy's
Dining
6,860 visits/mo
0.3 miles
Jersey Mike's Subs
Dining
5,585 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Triple-Net lease investment with value-add potential in Southport, NC.
Where is this shopping center located?
The property is located at 5177 Southport Supply Road SE Southport, NC.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Triple‑Net (NNN) lease offers passive ownership with minimal landlord responsibilities.; Significant value‑add potential through below‑market rents.; Prominent location with excellent traffic and visibility.
