This Retail Property is Off-Market.

16406 Hwy 17 North
Hampstead, NC 28443 ·

15,000 SF · Retail For Sale

N/A

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Coastline Station

Price N/A Commission Split 3%
Gross Leasable Area 15,000 SF Cap Rate 8%
Property Type Retail Occupancy 100%
Property Sub-type Strip Center Tenancy Multiple
Property Use Type Investment Lot Size 2.30 AC
Listing ID: 16115032 Date Created: 02/22/2009 Last Updated: 09/30/2009

Description

Coastline Station is a new (one year old) beautiful brick strip center in the heart of Hampstead's business district. Hampstead is a bedroom community to Wilmington, NC, on the coast of NC. It is directly on 5 lane US Hwy 17, with more than 35,000 cars per day. There are 10 suites. All are currently leased to high quality tenants. These include an orthodontist, a physical therapist, attorney, real estate company, an accountant, carpet company, Nationwide, Edward Jones, a thrift store, a restaurant, and an internet company.
The building cost more than 2,000,000 to build. It has a complete drive around the back, a turn lane off of Hwy 17, drive thru window for the restaurant, 2 entrance/exits. Everything about it is the best quality.
Rents avg 12.50 per sf with 3% increses built in per year.
CAMS are paid entirely by tenants at 1.50/sf on top of the 12.50/sf rent. Owner expenses for 2008 were under 3000.
This is easily the nicest strip in the area with high quality tenants.

Directly on 5 lane Hwy 17 North in the heart of Hampstead's business district.

Research

16406 Hwy 17 North, Hampstead, NC 28443 (Pender County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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