Retail Condo For Sale - Income Producing Property

Description

2,198± SF end cap unit for sale on in-bound lane side of NC Highway 50 / 210 in between NC 50 / NC 210 intersection and the new Surf City high rise bridge. Center is anchored by the popular Low Tide Steak House & Sandbar and is also home to H&R Block, as well as Salt + Light Hair Co.

Financials provided upon receipt of a signed NDA. Initial lease term ends April 30, 2026, with one (1) tenant-controlled renewal option for five (5) years. 3.0% annual escalations. *Current tenant has right of first refusal on any successfully negotiated purchase contract.

Surf City is centered in the geographical middle of Topsail Island and has a rapidly growing commercial district just across its new high-rise bridge on the mainland. Surf City is also located approximately halfway between Wilmington and Jacksonville. There are several new residential developments either already underway or in the planning stages, as well as the highly desirable, state of the art Surf City Elementary and Surf City Middle schools. The year-round growth in residences continues and that, in turn, demands more available retail options to satisfy the area's growing needs.