16406 Hwy 17 North
Hampstead, NC 28443 ·
15,000 SF · Retail For Sale
|Gross Leasable Area||15,000 SF||Cap Rate||8%|
|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|
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.
16406 Hwy 17 North, Hampstead, NC 28443 (Pender County)
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