1204 N Lake Park Blvd in Carolina Beach, NC presents an exceptional opportunity to acquire a fully leased retail and office property in one of coastal North Carolina’s most supply-constrained markets. Positioned on the island’s primary access corridor, the 20,700 SF Class A building offers excellent visibility and consistent traffic flow. The property is stabilized with seven tenants across diversified uses, generating a current NOI of $248,600 with significant upside through mark-to-market rent adjustments and staggered lease expirations between 2026 and 2034. Priced below replacement cost at $6,000,000, this asset combines long-term income security with growth potential, supported by high barriers to entry and virtually no remaining commercial land for development in this vibrant coastal market.