101 Shr Dr, Holden Beach, NC 28462

This exceptional 5,900 square foot, Class A, mixed-use shopping center and storefront at 101 Southshore Drive in Holden Beach, NC, presents a unique redevelopment opportunity. Situated on a 0.95-acre lot with 230 feet of waterfront access, this property boasts a 100% occupancy rate with local businesses under a triple net lease (NNN) with a remaining term of approximately 1.1 years. The current NOI is $66,737, with a pro-forma NOI projected at $573,300, reflecting a significant potential for increased profitability. Built between 1955 and 1988 and renovated in 2016, the two-story building features three units, 45 parking spaces, and a ground lease expiring December 31, 2025, with 4.5 years remaining. The property is zoned HB-C-1 Commercial and includes 5,900 square feet of air rights. The asking price is $2,499,000, representing a current cap rate of 2.67% and a pro-forma cap rate of 22.94%. Located in the heart of Holden Beach's commercial district, near the public boat ramp and community area, this property benefits from the town's explosive growth and its designation as "America's favorite family beach." The property's location offers significant upside potential for a variety of mixed-use projects. This is a rare opportunity to acquire a prime commercial asset in a rapidly developing coastal market. Call for details on highest and best use opportunities.