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34331503
31416722

1110 Western Blvd, Jacksonville, NC 28546 For Sale

LS
NC NC LC152, FL FL SL 629661
Marcus & Millichap - Fort Lauderdale
PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$1,000,000
113 days on market
Updated 9 days ago

Auction - Dick's Sporting Goods/Big Lots Leasehold Interest

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 77,397
Occupancy 100%
Tenancy Multi
Brand/Tenant Big Lots, Dick's Sporting Goods
Lease Expiration 01/31/2032
Remaining Term 5.5
Lease Options 2 at 5 Years
Price per SqFt $13
Year Built 1993
Year Renovated 2012
Buildings 1
Stories 1
Ground Lease No
Ownership Leasehold Interest

STARTING BID $1,000,000 | Dick’s Sporting Goods & Big Lots | (Leasehold Interest) | AUGUST 24-26

Marketing description

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Marcus & Millichap is pleased to offer for sale the leasehold interest in Dick’s Sporting Goods and Big Lots (the “Property”), a ±77,397 square foot shopping center located at 1110-1112 Western Blvd in Jacksonville, North Carolina. The Property provides an exceptional opportunity to acquire the leasehold interest in a highly desirable cash flowing investment property in the region’s dominant retail corridor.

Currently ±100% occupied by Dick’s Sporting Goods and Big Lots, the Property offers stable income from two strong national tenants in a dense retail market. Dick’s Sporting Goods has been a tenant since 2006 and renewed in 2026 through January 31, 2034. Big Lots has leased the Property since 2012 and renewed in 2024 through January 31, 2032. The Property is sandwiched between Walmart and Sam’s Club and shares a parking lot with Best Buy (separately parceled). Other nearby retailers include Target, Lowe’s, Home Depot, Hobby Lobby, Marshalls, Old Navy, Kohl’s, HomeGoods, and many more. The ground lease has (6) 5-year renewal options remaining with a final expiration of January 31, 2057.

Jacksonville, North Carolina serves as the commercial and economic center of Onslow County and the surrounding coastal region. The city’s economy is anchored by Marine Corps Base Camp Lejeune, one of the largest military installations in the United States. Camp Lejeune occupies approximately 246 square miles and supports tens of thousands of active-duty personnel, civilian employees, and military families. The installation provides a stable employment base and contributes significantly to the local economy, supporting demand for housing, retail, and services throughout the Jacksonville market. Western Boulevard is Jacksonville’s primary retail corridor and serves as the dominant commercial thoroughfare for the region. The corridor is home to numerous national retailers, which collectively draw consumers from throughout Onslow County and neighboring communities. The concentration of national retailers along Western Boulevard reinforces Jacksonville’s role as a regional retail destination and supports consistent consumer traffic in the immediate area. As of 2025, the Property’s demographics have ±77,567 individuals residing within a 5-mile radius, with an average household income of ±$77,993.

Investment highlights

  • STARTING BID $1,000,000 | Dick’s Sporting Goods & Big Lots | Double Digit Cap Rate | 35K VPD (Leasehold Interest) | AUCTION AUGUST 24-26
  • 100% Leased to 2 National Tenants between Walmart and Sam’s Club in Region’s Dominant Retail Location
  • $486,063 NOI
  • 20-Year Operating History for Dick’s | 14-Year Operating History for Big Lots
  • ±30 Years Remaining on Existing Ground Lease
  • ±35,000 VPD Traffic Count on Western Blvd in Jacksonville’s Primary Retail Corridor
  • Nearby Retail: Walmart, Sam’s Club, Target, Lowe’s, Home Depot, Hobby Lobby, Marshalls, Best Buy, and More
  • Economy Anchored by Marine Corps Base Camp Lejeune, one of the Largest Military Bases in the US
  • 5-Mile Population of ±77,567 with Annual Household Income of ±$77,993

Listing Contacts

LS
NC NC LC152, FL FL SL 629661
Marcus & Millichap - Fort Lauderdale
PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Additional Information

Name
Charles Gallagher
License
351471
Brokerage
Marcus & Millichap
Title
Broker of Record
Brokerage Address
201 S Tryon St, Charlotte, NC 28202
Name
Lori Schneider
License
NC LC152
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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