Sunset Commons925 Seaside Rd SW

Atlantic Capital Partners has been engaged to offer for sale Sunset Commons, a ±67,922-SF high-yielding and value-add neighborhood shopping center located at 925 Seaside Rd SW in Ocean Isle Beach, North Carolina, within the Wilmington MSA. Stabilizing the property will allow the new owner to enjoy a stable cash flow and significant capital appreciation upon future disposition. Built in 2006, Sunset Commons is positioned on an expansive ±7.54-AC parcel and offers abundant parking with ±276 surface spaces. The property has 16 retail bays ranging in size from 1,400 to 37,922 SF and offers one retail unit containing ±2,400-SF for immediate occupancy. Sunset Commons is ±96.5%-leased, and the center has seen increased leasing demand each year since 2018 as Ocean Isle Beach and Brunswick County, NC is experiencing exponential growth. The shopping center’s 38,000-SF anchor space is unoccupied, but it is leased to Lowes Foods who is obligated to pay rent and CAM until May 2026. Lowes Foods (dark) has five years remaining on their firm lease term resulting in around $3,000,000 of revenue, which allows a unique opportunity for a new owner of the shopping center to continue cash flowing the property while planning and preparing for a reposition or redevelopment of the asset. The property is zoned CO-CLD and allows for flexibility for a variety of uses. The Lowes Food big-box has multiple potential uses (Storage, Medical, Distribution, etc.), and the site may also be useful for residential, multi-family, or townhomes in the future with the influx of new residents. The new owner of the shopping center will have the flexibility to recreate this development into their own masterpiece. Brunswick County is the fastest-growing region in all of North Carolina. It is currently at an all-time high on the number of open building permits for both residential and commercial projects. Ocean Isle Beach is one of the six North Carolina Brunswick Barrier Islands, which are at the southernmost point between North Carolina and South Carolina. Sunset Commons is located just six miles from the NC/SC state line within Brunswick County in the West Brunswick submarket. Sunset Commons offers prime frontage and visibility on the main area artery in a high-income trade area. The property is located at the signalized hard corner of Old Georgetown Road (9,800 VPD), and Seaside Road SW (13,000 VPD) and benefits from the high traffic counts in the area. The large parcel offers ease of access and six points of ingress/egress from three different roads, Seaside Rd SW, Old Georgetown Rd SW, and Chatham Dr NW. Ocean Isle Beach’s population has increased 29% since 2010, and the projections for Brunswick County are among the highest growth in all of the Southeast over the next 10 years. Sunset Commons is positioned to continue to benefit from the population and residential growth of the region. This high growth market also has strong demographics in the immediate region, including average household incomes over $90k/year. The property is also poised to benefit from its busy corner location directly between the connector bridges for Sunset Beach and Ocean Isle Beach. Sunset Commons offers investors the unique opportunity to purchase a cash-flowing center in a growing area with significant value add. As the Ocean Isle and Sunset Beach areas (Myrtle Beach MSA) continue to grow at a rapid pace, there is tremendous potential for repositioning the center while receiving a high yield guaranteed by Lowes Foods and other tenants. Do not disturb tenants; Property tours are available by appointment only – to schedule a site tour, contact listing broker