1112 New Pointe BlvdLeland, NC 28451

Property Details for 1112 New Pointe Blvd

Year built

2006

Lot size

23.66 AC

Property size (Sq ft)

178,677 SF

Zone code

C2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

470002414

APU

470002414

Description

This exceptional retail opportunity is located within the Shoppes at Westgate, a thriving 196,021 square foot shopping center in Leland, North Carolina. The center boasts a strong anchor tenant, Walmart, and a diverse mix of established inline retailers, creating a high-traffic environment ideal for a variety of businesses. Currently, 1,600 square feet of retail space is available, presenting a perfect chance to establish or expand your presence in this bustling community. The property is situated at 1112 New Pointe Blvd, Leland, NC 28451, in Brunswick County, offering convenient access and high visibility. Existing tenants include, but are not limited to, Highway 55, Game Stop, Sherwin Williams, Dollar Tree, US Cellular, Sally Beauty, GNC, Avail Vapor, and Leland Tobacco. The 47,700 square feet of inline retail space provides a synergistic environment for complementary businesses. This space offers a unique opportunity to join a successful and well-established shopping center in a rapidly growing area. The property's prime location and strong tenant mix make it an attractive investment for businesses seeking high visibility and foot traffic. Don't miss this chance to secure your place in this thriving retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $63,666,044

  6.5%

  $58,768,656

  7%

  $54,570,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $119,195,104

  Geo Method

  $103,354,064

• Alternative Use

  Use

  Valuation

  Residential

  $49,573,560

  Hospitality

  $45,409,112

  Educational

  $37,779,848

  Medical

  $39,079,156

  Retail

  $58,768,656

Location Insight

City

Leland

County

Brunswick

State

North Carolina

Latitude

34.2102

Longitude

-78.023

CBSA code

34820

CBSA name

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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