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Havelock Shopping Center 311 Main 45,500 SF 100% Leased Retail Building Havelock, NC 28532 $3,100,000 ($68.13/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- 96.5% occupied, multi-tenanted with a mix of local and national tenants
- Less than 1 mile from MCAS Cherry Point and 19 miles to Atlantic Beach
- Located off US Hwy 70 with a traffic county of 30,000 VHPD
EXECUTIVE SUMMARY
Cape Fear Commercial is pleased to present this offering for the Havelock Shopping Center, a stabilized inline shopping center located on HWY-70 situated less than a mile from Marine Corps air station Cherry Point.
Located along the US Highway 70 corridor, Havelock serves as a key commercial hub between New Bern and Morehead City, offering strong traffic exposure and strategic
regional access. The site will also benefit from the 10-Mile U.S. 70 Bypass (est. completion date Summer), improving freight and traffic flow toward Morehead City & Raleigh.
Havelock is home to Marine Corps Air Station Cherry Point, one of the largest employers in Eastern North Carolina, driving consistent demand for retail, housing, and services.
The base, including Fleet Readiness Center East, generated a total economic impact of about $2.64?billion in 2024
Located along the US Highway 70 corridor, Havelock serves as a key commercial hub between New Bern and Morehead City, offering strong traffic exposure and strategic
regional access. The site will also benefit from the 10-Mile U.S. 70 Bypass (est. completion date Summer), improving freight and traffic flow toward Morehead City & Raleigh.
Havelock is home to Marine Corps Air Station Cherry Point, one of the largest employers in Eastern North Carolina, driving consistent demand for retail, housing, and services.
The base, including Fleet Readiness Center East, generated a total economic impact of about $2.64?billion in 2024
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
45,500 SF
Building Class
C
Year Built
1963
Price
$3,100,000
Price Per SF
$68.13
Cap Rate
7.70%
NOI
$238,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
4.94 AC
Zoning
Highway Commercial - Highway Commercial
Parking
175 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
550’ on US-70 service road
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6-053-019 | Improvements Assessment | $2,029,100 |
| Land Assessment | $718,610 | Total Assessment | $2,747,710 |
PROPERTY TAXES
Parcel Number
6-053-019
Land Assessment
$718,610
Improvements Assessment
$2,029,100
Total Assessment
$2,747,710
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Havelock Shopping Center | 311 Main
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