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Auction - Dick’s & Big Lots | Leasehold 2 Retail Properties Offered at $1,000,000 in Jacksonville, NC
Investment Highlights
- STARTING BID $500,000 | Dick’s Sporting Goods & Big Lots | Double Digit Cap Rate | 35K VPD (Leasehold Interest) | AUCTION AUGUST 24-26
- $486,063 NOI | 20-Year Operating History for Dick’s | 14-Year Operating History for Big Lots | ±30 Years Remaining on Existing Ground Lease
- Nearby Retail: Walmart, Sam’s Club, Target, Lowe’s, Home Depot, Hobby Lobby, Marshalls, Best Buy, and More
- 100% Leased to 2 National Tenants between Walmart and Sam’s Club in Region’s Dominant Retail Location
- ±35,000 VPD Traffic Count on Western Blvd in Jacksonville’s Primary Retail Corridor
- Economy Anchored by Marine Corps Base Camp Lejeune, one of the Largest Military Bases in the US
Executive Summary
Marcus & Millichap is pleased to offer for sale the leasehold interest in Dick’s Sporting Goods and Big Lots (the “Property”), a ±77,397 square foot shopping center located at 1110-1112 Western Blvd in Jacksonville, North Carolina. The Property provides an exceptional opportunity to acquire the leasehold interest in a highly desirable cash flowing investment property in the region’s dominant retail corridor.
Currently ±100% occupied by Dick’s Sporting Goods and Big Lots, the Property offers stable income from two strong national tenants in a dense retail market. Dick’s Sporting Goods has been a tenant since 2006 and renewed in 2026 through January 31, 2034. Big Lots has leased the Property since 2012 and renewed in 2024 through January 31, 2032. The Property is sandwiched between Walmart and Sam’s Club and shares a parking lot with Best Buy (separately parceled). Other nearby retailers include Target, Lowe’s, Home Depot, Hobby Lobby, Marshalls, Old Navy, Kohl’s, HomeGoods, and many more. The ground lease has (6) 5-year renewal options remaining with a final expiration of January 31, 2057.
Jacksonville, North Carolina serves as the commercial and economic center of Onslow County and the surrounding coastal region. The city’s economy is anchored by Marine Corps Base Camp Lejeune, one of the largest military installations in the United States. Camp Lejeune occupies approximately 246 square miles and supports tens of thousands of active-duty personnel, civilian employees, and military families. The installation provides a stable employment base and contributes signi?cantly to the local economy, supporting demand for housing, retail, and services throughout the Jacksonville market. Western Boulevard is Jacksonville’s primary retail corridor and serves as the dominant commercial thoroughfare for the region. The corridor is home to numerous national retailers, which collectively draw consumers from throughout Onslow County and neighboring communities. The concentration of national retailers along Western Boulevard reinforces Jacksonville’s role as a regional retail destination and supports consistent consumer traffic in the immediate area. As of 2025, the Property’s demographics have ±77,567 individuals residing within a 5-mile radius, with an average household income of ±$77,993.
Currently ±100% occupied by Dick’s Sporting Goods and Big Lots, the Property offers stable income from two strong national tenants in a dense retail market. Dick’s Sporting Goods has been a tenant since 2006 and renewed in 2026 through January 31, 2034. Big Lots has leased the Property since 2012 and renewed in 2024 through January 31, 2032. The Property is sandwiched between Walmart and Sam’s Club and shares a parking lot with Best Buy (separately parceled). Other nearby retailers include Target, Lowe’s, Home Depot, Hobby Lobby, Marshalls, Old Navy, Kohl’s, HomeGoods, and many more. The ground lease has (6) 5-year renewal options remaining with a final expiration of January 31, 2057.
Jacksonville, North Carolina serves as the commercial and economic center of Onslow County and the surrounding coastal region. The city’s economy is anchored by Marine Corps Base Camp Lejeune, one of the largest military installations in the United States. Camp Lejeune occupies approximately 246 square miles and supports tens of thousands of active-duty personnel, civilian employees, and military families. The installation provides a stable employment base and contributes signi?cantly to the local economy, supporting demand for housing, retail, and services throughout the Jacksonville market. Western Boulevard is Jacksonville’s primary retail corridor and serves as the dominant commercial thoroughfare for the region. The corridor is home to numerous national retailers, which collectively draw consumers from throughout Onslow County and neighboring communities. The concentration of national retailers along Western Boulevard reinforces Jacksonville’s role as a regional retail destination and supports consistent consumer traffic in the immediate area. As of 2025, the Property’s demographics have ±77,567 individuals residing within a 5-mile radius, with an average household income of ±$77,993.
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $1,000,000 | Number of Properties | 2 |
| Price / SF | $15.38 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 65,000 SF |
| Status | Active | Total Land Area | 32.62 AC |
| Price | $1,000,000 |
| Price / SF | $15.38 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 65,000 SF |
| Total Land Area | 32.62 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1112 Western Blvd, Jacksonville, NC 28546 | Retail | 35,000 SF | 1993 | - |
| 1110 Western Blvd, Jacksonville, NC 28546 | Retail | 30,000 SF | 2012 | - |
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