199-221 Calabash Rd NW

• The front five acres of the Property are currently leased to US LBM at $6.54/SF, compared with estimated market rent of approximately $13/SF. If US LBM exercises its first renewal option, rent will reset to Fair Market Value in approximately three years, creating the potential to significantly increase NOI without additional capital investment.
• The Property benefits from commercial zoning that allows for a broad range of retail, restaurant, medical, hospitality, entertainment, and mixed-use development opportunities, subject to municipal approvals. Whether an investor elects to maintain the existing income stream, redevelop the site, or reposition the asset over time, the Property offers multiple value-creation strategies rarely found within a single investment.
• Located immediately adjacent to more than $100 million in existing and planned retail development, including a new Walmart Supercenter, the Property benefits from one of the strongest retail anchors in Brunswick County. The surrounding corridor continues to experience substantial commercial investment, new residential development, and expanding consumer demand, positioning the Property to benefit from increasing traffic counts and long-term appreciation.
• Brunswick County grew by approximately 24% between 2020 and 2024, making it the fastest-growing county in North Carolina. The Property is strategically positioned to serve the region’s rapidly expanding population as well as millions of annual visitors traveling throughout the greater Myrtle Beach and Brunswick County markets.