701 N Lake Park Blvd

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701 N Lake Park Blvd

Carolina Beach, NC 28428
Asking Price
$8.00M
Asset Type
Retail
Class
Class B

What's Special

701 N Lake Park Blvd is situated in the primary commercial corridor of Carolina Beach, North Carolina. The property sits within a high-visibility coastal environment characterized by a mix of year-round local businesses and seasonal tourist destinations. It is located near the Carolina Beach Boardwalk, public beach access points, and various hospitality anchors. Regional access is provided via North Lake Park Boulevard (Highway 421), which serves as the main north-south arterial connecting the island to the mainland and the greater Wilmington area. The location is suited for a variety of retail uses, including boutique storefronts, quick-service food outlets, or service-oriented businesses. Its proximity to both residential neighborhoods and recreational hubs makes it an ideal fit for tenants seeking exposure to a diverse consumer base of permanent residents and visitors. Typical tenant profiles include established local operators or regional retailers looking to capitalize on the area's consistent pedestrian activity and high seasonal traffic volumes.

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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.46%
Monthly Payment
$39,579.635
Annual Cash Flow
$-394,955.621

Location & Travel Times