1930 Carolina Be

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1930 Carolina Be

Wilmington, NC 28401
Asking Price
$1.47M
Asset Type
Retail
Class
Class B

What's Special

Located at 1930 Carolina Beach Road, this retail property sits along a primary north-south commercial corridor in Wilmington, North Carolina. The surrounding neighborhood is a mix of established residential pockets and industrial hubs, characterized by high daily traffic counts and proximity to the Port of Wilmington. Nearby amenities include national fast-food chains, local vehicle services, and convenience hubs. The site offers direct street frontage with multiple ingress and egress points, providing efficient transportation access for commuters traveling between the downtown district and the southern beach communities. The property is well-suited for high-volume retail operators, including automotive parts stores, equipment showrooms, or convenience-based service providers. Its functional layout and visibility cater to tenants requiring warehouse-to-retail transitions or trade-oriented businesses that benefit from regional accessibility. Typical tenants for this asset class include regional distributors, specialty hardware retailers, and essential service franchises seeking a central location to capture both local residential demand and commercial transit traffic.

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NOI
$80,000
Cap Rate
5.46%
DSCR
0.92
Underwater
Cash-on-Cash
-1.59%
Monthly Payment
$7,249.505
Annual Cash Flow
$-6,994.059

Location & Travel Times