Retail Complex: Carolina Commons - Calabash, North Carolina.

Three-building, single-story retail complex: Minimum Investments Starting At $150,000.00

• Property Name: Carolina Commons
• Rentable SqFt: ± 50,400.00
• Purchase Price: $8,070,000.00
• Price per SqFt: $160.12 /sqft
• Equity: $4,070,000.00
• Loan Amount: $4,000,000.00
• Loan-to-Value: 49.75%
• Percent Occupied: 100.00%
• Type: Three-building, single-story retail complex

Property Description:
Carolina Commons is a Food Lion anchored, retail complex located in Calabash, North Carolina. Built in 2000, this three-building complex is approximately 50,400 square feet and is currently 100% occupied, with Food Lion occupying approximately 33,000 square feet. The remaining 17,400 square feet consists of national and local retailers, as well as some medical tenants such as CS Healthcare, Coastal Rehab, and Brunswick Community Physicians. The tenant leases are staggered with no heavy concentration of roll in any given year, not including the long-term Food Lion lease. This Class A neighborhood retail complex is situated along north-south Highway 17 (H-17), approximately one mile from the North Carolina-South Carolina border at the northern edge of the Myrtle Beach/Grand Strand (60 miles of beach-front development). The Property is located approximately 10 miles northeast of North Myrtle Beach and approximately 25 miles northeast of downtown Myrtle Beach. H-17 offers an ideal location for businesses because it is the area’s major highway corridor and has traffic counts exceeding 29,000 vehicles per day. Carolina Commons has tremendous visibility from H-17 and is managed by a signalized light allowing easy access to the Property. The area is experiencing modest residential growth and is characterized by great seafood and a proliferation of golf courses.

Top Tenants by Total Rent:
This is a Food Lion anchored, neighborhood retail complex with a diverse tenant roster that includes national and local retailers, as well as medical tenants.

Please contact me for a full marketing brochure and further information regarding this investment.