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804-808 E 5th St 36,620 SF 100% Leased Retail Building Tabor City, NC 28463 $1,941,034 ($53.00/SF) 10% Cap Rate
Investment Highlights
- Grocery-anchored plaza with IGA Food Mart as the primary anchor tenant.
- Located in a high-growth region near Myrtle Beach and Fayetteville.
- Anchor tenants have operated successfully at the site for 23+ years.
Executive Summary
This established grocery-anchored neighborhood retail center in Tabor City, NC offers long-term operational stability through two decades of continuous anchor tenancy and a tenant mix supported by large, regionally backed operators. The plaza benefits from its position in a growth market with convenient access to Myrtle Beach and Fayetteville and is bolstered by the area’s expanding industrial, agricultural, and distribution sectors. With strong brand-name anchors, consistent community presence, and strategic regional connectivity, the property represents a durable retail destination supported by both local economic activity and regional consumer flows.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
36,620 SF
Building Class
C
Year Built
1975
Price
$1,941,034
Price Per SF
$53.00
Cap Rate
10%
NOI
$194,103
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.93 AC
Opportunity Zone
Yes
Frontage
140’ on 5TH ST
Nearby Major Retailers
Property Taxes
| Parcel Number | 0011209 | Improvements Assessment | $674,900 |
| Land Assessment | $91,500 | Total Assessment | $766,400 |
Property Taxes
Parcel Number
0011209
Land Assessment
$91,500
Improvements Assessment
$674,900
Total Assessment
$766,400
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804-808 E 5th St
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