Three-Building Retail
For Sale
Contact for pricing
5302 Main St, Shallotte, NC 28470
The center is fully occupied and combines retail shops, service providers, and local businesses.
Property Size36,530 SF
Price / SF$121.13
Days on Market15
Property Features for 5302 Main St
General Information
Standard status
Active
Size
36,530 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Anchor Co-Tenants
DMV, Brunswick Senior Resources Thrift store
Road Access
Yes
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Carolina Commercial Investment
(910) 297-9572
Listed By:
Kevin Henry · License #220520
(910) 232-3238
Source:
Moodyscre
Added: Sep 28
Changed: Oct 11
Last Checked: Oct 11 at 8:41AM
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 Carolina Commercial Investment
Investment Insights
Based on property information with market context.
This Shallotte retail center comprises 36,530 square feet across three buildings. The properties are fully occupied and described as well maintained, with no major near-term maintenance needs. The tenant roster spans retail, services, and local businesses; roughly one-third of the center is leased to long-term tenants with government-backed credit. The DMV has operated at the property for 25 years, while Homestyle Foods and Foster Insurance have each been tenants for more than 15 years.
At 5302 Main St., the property is across from a Food Lion-anchored shopping center in southwest Shallotte. The site is above grade and has three points of ingress and egress. Reported average daily traffic is 13,000 on Main Street and 21,000 on Village Drive. Nearby properties include two Novant Healthcare office buildings and Tractor Supply.
At 5302 Main St., the property is across from a Food Lion-anchored shopping center in southwest Shallotte. The site is above grade and has three points of ingress and egress. Reported average daily traffic is 13,000 on Main Street and 21,000 on Village Drive. Nearby properties include two Novant Healthcare office buildings and Tractor Supply.
Key Highlights
- 36,530 square feet of retail space across three buildings
- Fully occupied, with a mix of retail, service, and local business tenants
- Roughly one‑third of the center is leased to long‑term tenants with government‑backed credit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$360,573
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,211,460
$7.2M
Cap Rate 7%
$5,151,043
$5.2M
Cap Rate 9%
$4,006,367
$4.0M
Market Conditions
NOI Build-Up for 36,530 SF
Gross rent
$574.3K $15.72/SF
− Vacancy
−$59.1K −$1.62/SF
EGI
$515.1K $14.10/SF
− OpEx
−$154.5K −$4.23/SF
NOI
$360.6K $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 Rate 5%
$7,211,460
Cap Rate 7%
$5,151,043
Cap Rate 9%
$4,006,367
Alternative Uses
Best Use
Retail
$5.15M
$4.51M – $6.01M
NOI $360,573 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$447.29M
$391.38M – $521.84M
NOI $31,310,191 @ 7.0% cap · market cap 707.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Coinstar — 301 S Willis Dr, Shallotte, NC 28470
- Shallotte Station Shopping Center — 5285 Main St, Shallotte, NC 28470
- Shallotte Commons Shopping Center — 5051 Main St, Shallotte, NC 28470
Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully occupied and combines retail shops, service providers, and local businesses.
Where is this shopping center located?
The property is located at 5302 Main St Shallotte, NC.
What is the asking price?
The asking price for this property is $4,425,000.
What are key features of this property?
This property features: 36,530 square feet of retail space across three buildings; Fully occupied, with a mix of retail, service, and local business tenants; Roughly one‑third of the center is leased to long‑term tenants with government‑backed credit
