Bank of America | Coastal NC 109 Smith Ave 4,650 SF Retail Building Shallotte, NC 28470 $2,826,100 ($607.76/SF)

This single-tenant net lease investment features a Bank of America ground lease at the highly visible intersection of Main Street (US Hwy 17) and Smith Avenue in Shallotte, North Carolina. The property, comprising approximately 1.09 acres, will include a ±4,650-square-foot branch as part of a 15-year absolute NNN lease commencing August 2026, with four 5-year renewal options and 10% rent escalations every five years.
Positioned in the heart of Shallotte’s primary retail corridor, the site is an outparcel to Coastal Walk Marketplace, a 176,000-square-foot shopping center anchored by household names including Hobby Lobby, Marshalls, Ross, Bealls, Five Below, and ULTA. Major national retailers such as Walmart and Home Depot are located directly adjacent, reinforcing the location’s status as a regional retail destination.
The offering provides a long-term, bond-like income stream with zero landlord responsibilities, backed by Bank of America (NYSE: BAC), an investment-grade tenant. Combining strong lease economics, institutional credit, and a top-tier Southeast location, this asset represents an exceptional low-risk income opportunity in one of the fastest-growing counties in North Carolina.