For Sale
$6,037,213

1500 Live Oak St Beaufort, NC 28516

High-Yield Retail Center, Beaufort, NC

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 53,040 square foot, 100% occupied retail center situated on 7.15 acres in Beaufort, North Carolina. The property comprises two buildings and five parcels, featuring a strong tenant mix of national and credit tenants including Dollar Tree, McDonald's, AutoZone, Piggly Wiggly, and Jersey Mike's Subs. The center is anchored by a Piggly Wiggly grocery store, operating at this location for 45 years, with a recent anchor renewal. McDonald's, a key tenant, consistently ranks among the top 20 quick-service restaurants within a 50-mile radius. The property boasts a complete roof replacement completed in 2020, backed by a 20-year warranty. A significant value-add opportunity exists with a vacant 2.20-acre parcel, offering flexibility for future development. The B-1 commercial zoning allows for a wide variety of uses. The asking price for this exceptional retail center is $6,037,213. This property offers a compelling combination of strong occupancy, established tenants, and significant upside potential. The location at 1500 Live Oak St, Beaufort, NC 28516, provides excellent visibility and accessibility.

Highlights

  • 53,040 square feet, two-building retail center.
  • 7.15-acre site with five parcels.
  • Grocery-anchored retail center with McDonald's ground lease and a vacant 2.2-acre parcel.
  • 100% leased, 90% national/credit tenants.
  • Strong tenant mix including AutoZone, Dollar Tree, Jersey Mike's, McDonald's, and Piggly Wiggly.
  • Piggly Wiggly anchor tenant with 45-year history and recent lease renewal.

Property Details for 1500 Live Oak St

Property type
Lifestyle centers, Power centers
Square Feet
53,040 SF
Buildings
2
Lot Size (sq. ft)
311,454 SF

Location Insight

City
Beaufort
County
Carteret
State
North Carolina
Latitude
34.7242798
Longitude
-76.6458738

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FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Center, Beaufort, NC
Where is the lifestyle center located?
The property is located at 1500 Live Oak St Beaufort, NC.
What is the asking price?
The asking price for this property is $6,037,213.
What are key features of this property?
This property features: 53,040 square feet, two-building retail center.; 7.15-acre site with five parcels.; Grocery-anchored retail center with McDonald's ground lease and a vacant 2.2-acre parcel.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Property Records

Contacts

Andrew Margulies
Andrew Margulies
Harrison Creason
Harrison Creason
Visit Broker Website

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Useful Information

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Live Oak St
Beaufort, NC 28516

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Beaufort, NC 28516

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1500 Live Oak St
  • Andrew Margulies
    Andrew Margulies
  • Harrison Creason
    Harrison Creason
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