1500 Live Oak StBeaufort, NC 28516

For Sale
$6,037,213

High-Yield Retail Center, Beaufort, NC

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 53,040 square foot, 100% occupied retail center situated on 7.15 acres in Beaufort, North Carolina. The property comprises two buildings and five parcels, featuring a strong tenant mix of national and credit tenants including Dollar Tree, McDonald's, AutoZone, Piggly Wiggly, and Jersey Mike's Subs. The center is anchored by a Piggly Wiggly grocery store, operating at this location for 45 years, with a recent anchor renewal. McDonald's, a key tenant, consistently ranks among the top 20 quick-service restaurants within a 50-mile radius. The property boasts a complete roof replacement completed in 2020, backed by a 20-year warranty. A significant value-add opportunity exists with a vacant 2.20-acre parcel, offering flexibility for future development. The B-1 commercial zoning allows for a wide variety of uses. The asking price for this exceptional retail center is $6,037,213. This property offers a compelling combination of strong occupancy, established tenants, and significant upside potential. The location at 1500 Live Oak St, Beaufort, NC 28516, provides excellent visibility and accessibility.

Highlights

  • 53,040 square feet, two-building retail center.
  • 7.15-acre site with five parcels.
  • Grocery-anchored retail center with McDonald's ground lease and a vacant 2.2-acre parcel.
  • 100% leased, 90% national/credit tenants.
  • Strong tenant mix including AutoZone, Dollar Tree, Jersey Mike's, McDonald's, and Piggly Wiggly.
  • Piggly Wiggly anchor tenant with 45-year history and recent lease renewal.

Property Details for 1500 Live Oak St

Property type
Lifestyle centers, Power centers
Square Feet
53,040 SF
Buildings
2
Lot Size (sq. ft)
311,454 SF

Location Insight

City
Beaufort
County
Carteret
State
North Carolina
Latitude
34.7242798
Longitude
-76.6458738
1500 Live Oak St, Beaufort, North Carolina

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1500 Live Oak St
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