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Summerhill Square - Wilmington, NC 1930 Carolina Beach Rd 3,950 SF 100% Leased Retail Building Wilmington, NC 28401 $1,600,000 ($405.06/SF) 6.41% Cap Rate
Investment Highlights
- The property is ideally situated just approximately 2.5 miles south of Downtown Wilmington, providing immediate access to the city’s central business.
- The property offers excellent strip center fundamentals, including outstanding visibility along Carolina Beach Road with approximately 35,114 VPD.
- The property has undergone significant recent capital improvements, including new landscaping and irrigation, a freshly sealed & striped parking lot.
- The property is located within a supply-constrained retail node.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 3,950 SF Summerhill Square located at 1930 Carolina Beach Road in Wilmington, NC. This offering features a recently upgraded asset with significant capital improvements, including enhanced landscaping and irrigation, a freshly sealed and striped parking lot, and upgraded LED-lit pylon signage. Additional improvements include modern security systems, new fencing, and a fully equipped commercial kitchen within the tea room unit. Combined with newly curated tenants and refreshed interior buildouts, the center has been thoughtfully repositioned into an attractive neighborhood retail destination, offering a unique investment opportunity.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,950 SF
Building Class
B
Year Built/Renovated
1988/2023
Price
$1,600,000
Price Per SF
$405.06
Cap Rate
6.41%
NOI
$102,574
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.35 AC
Zoning
CB-COMMUNITY BUSINESS - Community Business
Parking
20 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Creative Child Studio
- Professional, Scientific, and Technical Services
- 1,000 SF
- $22.80
- Triple Net
- May 2028
- Gem Mint Twins
- Retailer
- 1,000 SF
- $24.00
- Triple Net
- Oct 2026
- Heaven Sent Healthy Pet
- Retailer
- 1,000 SF
- $24.00
- Triple Net
- Apr 2027
- The Timeless Table
- Accommodation and Food Services
- 950 SF
- $31.58
- Triple Net
- Dec 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Creative Child Studio | Professional, Scientific, and Technical Services | 1,000 SF | $22.80 | Triple Net | May 2028 | |
| Gem Mint Twins | Retailer | 1,000 SF | $24.00 | Triple Net | Oct 2026 | |
| Heaven Sent Healthy Pet | Retailer | 1,000 SF | $24.00 | Triple Net | Apr 2027 | |
| The Timeless Table | Accommodation and Food Services | 950 SF | $31.58 | Triple Net | Dec 2026 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R06009-005-020-000 | Improvements Assessment | $494,000 |
| Land Assessment | $239,900 | Total Assessment | $733,900 |
Property Taxes
Parcel Number
R06009-005-020-000
Land Assessment
$239,900
Improvements Assessment
$494,000
Total Assessment
$733,900
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Summerhill Square - Wilmington, NC | 1930 Carolina Beach Rd
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