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16406 Hwy 17 North, Hampstead, NC 28443
15,000 SF | Retail
Retail Property - Off Market
- Gross Leasable Area:
- 15,000 SF
- Property Type:
- Property Sub-type:
- Strip Center
- Property Use Type:
- Commission Split:
- Cap Rate:
- Lot Size:
- 2.30 AC
- Listing ID
- Last Updated
- over 1 year ago
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.
Map of 16406 Hwy 17 North, Hampstead, NC 28443 (Pender County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO