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    5530 Nc-24 Bogue, NC 28570

    Sponsored
    For Sale
    $1,025,000

    Coastal NC retail property, strong tenant.

    Property size:
    9,012 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, Class A Dollar General storefront located at 5530 NC-24 in Newport, North Carolina. Boasting 9,012 square feet on a 0.76-acre lot, this property benefits from a prime location on a five-lane highway, offering excellent visibility and accessibility. Situated approximately two miles from the Emerald Isle/Highway 58 Bridge intersection, it enjoys proximity to major thoroughfares connecting Jacksonville, Swansboro, Morehead City, and 22 miles of pristine beaches. The property features 19 parking spaces and benefits from a strong lease with Dollar General, extending to January 31, 2030, with three five-year renewal options. Built in 2005 and renovated in 2018 and 2022, the building is in excellent condition, with recent upgrades including a new lighting package and landscaping. The property's strong performance is reflected in its 5.56% cap rate and $57,000 net operating income (NOI). The asking price is $1,025,000, translating to $113.74 per square foot. This is a rare opportunity to acquire a well-located, high-performing retail property in a rapidly growing coastal market with significant future development potential. The property is zoned CH and includes two gas pumps. The Carteret County location offers a compelling investment prospect with a long-term lease and a proven tenant.

    Property Features for 5530 Nc-24

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,012 SF
    Class
    A
    Lot Size
    33,106 SF

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Bogue
    County
    Carteret
    State
    North Carolina
    Longitude
    -77.043901287196
    Latitude
    34.697582839538

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    FAQs

    What type of property is this?
    Individual retail property - Coastal NC retail property, strong tenant.
    Where is this individual retail property located?
    The property is located at 5530 Nc-24 Bogue, NC.
    What is the asking price?
    The asking price for this property is $1,025,000.
    Request Owner's contact information
    5530 Nc-24 Bogue, NC 28570
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    Bogue, NC 28570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5530 Nc-24 Bogue, NC 28570
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