Established Sports Pub For
For Sale
Contact for pricing
Main St Confidentially, Wilmington, NC 28405
Popular Wilmington sports pub with continued growth, prime location.
Property Size3,300 SF
Price / SF$363.64
Days on Market933
Property Features for Main St Confidentially
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Zoning
CBD
Occupancy
100%
Building Details
Stories
1
Tenancy
Single
Listing Agency:
MoMentum companies
(910) 519-3003
Listed By:
Terry Espy · License #NC 214826
Source:
Crexi
Added: Jan 30, 2024
Changed: Aug 8
Last Checked: Aug 20 at 12:09AM
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 MoMentum companies
Investment Insights
Based on property information with market context.
A popular sports pub in Wilmington is available for purchase. This business, favored by locals and tourists, has experienced ongoing growth. The sale is an asset purchase that includes rights to the name and brand, trademark, receipts, furniture, fixtures, equipment, and goodwill, encompassing the website, social media, and vendor relationships. The restaurant is located in Wilmington, NC and has a size of 3300 square feet. The knowledgeable staff is willing to remain with the business after the sale.
Key Highlights
- Established and popular sports pub with proven track record of growth.
- Includes rights to name/brand, trademark, website, social media, and vendor relationships.
- Located in Downtown Wilmington, benefiting from area growth.
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
$34,900
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
2.91%
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%
$698,000
$698.0K
Cap Rate 7%
$498,571
$498.6K
Cap Rate 9%
$387,778
$387.8K
Market Conditions
NOI Build-Up for 3,300 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
$51.9K $15.72/SF
− Vacancy
−$5.3K −$1.62/SF
EGI
$46.5K $14.10/SF
− OpEx
−$11.6K −$3.53/SF
NOI
$34.9K $10.58/SF
Area
Wilmington, NC
Vacancy
10.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
25.00%
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%
$698,000
Cap Rate 7%
$498,571
Cap Rate 9%
$387,778
Alternative Uses
Best Use
Specialty Retail
$498.6K
$436.3K – $581.7K
NOI $34,900 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.41M
$35.36M – $47.14M
NOI $2,828,460 @ 7.0% cap · market cap 235.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28405, NC
31,775
Population
17,073
Households
1.9
Avg Household Size
41
Median Age
41%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,352
Density / Sq Mi
$67,809
Median Household Income
$41,265
Median Earnings
$1,405
Median Rent
$337,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Popular Wilmington sports pub with continued growth, prime location.
Where is this bar & pub located?
The property is located at Main St Confidentially Wilmington, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Established and popular sports pub with proven track record of growth.; Includes rights to name/brand, trademark, website, social media, and vendor relationships.; Located in Downtown Wilmington, benefiting from area growth.
