109 Smith Ave - Bank FOR SALE


Shallotte, NC 28470
$2,826,100 USD
404-435-6312
109 Smith Ave, Shallotte, NC for Sale
$2,826,100 USD
Bank - FOR SALE
1/30
null | Request Cap Rate

NEW


109 Smith Ave
Shallotte, NC 28470


HIGHLIGHTS

  • 15-year absolute NNN ground lease with Bank of America, commencing August 2026.
  • Outparcel to Coastal Walk, a 176,000 SF center featuring leading national retailers.
  • Strategic high-profile location at Main Street and Smith Avenue with ±27,000 VPD.
  • Investment-grade tenant (Moody’s: Aa2 / S&P: A+) providing secure, predictable revenue.
  • Located in Brunswick County, one of North Carolina’s fastest-growing regions with strong population and income growth projections.

OVERVIEW

This single-tenant net lease investment features a Bank of America ground lease at the highly visible intersection of Main Street (US Hwy 17) and Smith Avenue in Shallotte, North Carolina. The property, comprising approximately 1.09 acres, will include a ±4,650-square-foot branch as part of a 15-year absolute NNN lease commencing August 2026, with four 5-year renewal options and 10% rent escalations every five years. Positioned in the heart of Shallotte’s primary retail corridor, the site is an outparcel to Coastal Walk Marketplace, a 176,000-square-foot shopping center anchored by household names including Hobby Lobby, Marshalls, Ross, Bealls, Five Below, and ULTA. Major national retailers such as Walmart and Home Depot are located directly adjacent, reinforcing the location’s status as a regional retail destination. The offering provides a long-term, bond-like income stream with zero landlord responsibilities, backed by Bank of America (NYSE: BAC), an investment-grade tenant. Combining strong lease economics, institutional credit, and a top-tier Southeast location, this asset represents an exceptional low-risk income opportunity in one of the fastest-growing counties in North Carolina.

FOR SALE DETAILS

PRICE

$2,826,100 USD

PRICE/SF

$608 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America | Coastal NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

HB

APN/PARCEL ID

18200023

ASK ABOUT THIS PROPERTY

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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Tyson GlasserTrinity PartnersMore Info
404-435-6312

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.