Listed by Colliers - Charlotte, North Carolina, Colliers - Huntsville, Alabama
$3,600,000
Sound of Freedom Shoppes
Details
APN 6-039-13000
Property Type Retail
Sub Type Shopping Center, Unanchored strip center
Square Footage 21,200
Cap Rate 6.99%
NOI $251,801
Occupancy 92%
Tenancy Multi
Class C
Year Built 2008
Acreage 2.730
Parking Spaces 106 spaces
Parking Per SqFt 5.00
Investment Type Value Add
Ground Lease No
Unanchored Strip | Value-Add Opportunity
Investment highlights
- Sound of Freedom Shoppes is strategically located along U.S. Hwy 70 W (30,500 VPD), Havelock's primary retail corridor. Positioned across from Walmart Supercenter and near a Planet Fitness–anchored retail node, the center benefits from strong visibility, access, and consistent consumer traffic.
- Havelock's economy is anchored by MCAS Cherry Point, a major regional employer supporting active-duty personnel, civilian staff, and military families. This stable, recession-resistant base drives consistent retail demand and long-term tenancy stability.
- Dollar Tree has operated at the property for 16+ years, demonstrating long-term commitment and location viability. Complementary tenants, including BenchMark Physical Therapy and G13 Brazilian Jiu Jitsu, drive consistent traffic and diversify the customer base.
- The property features a 1,800 SF end-cap vacancy with direct frontage along U.S. Hwy 70 W, offering a prime lease-up opportunity. This highly visible space allows ownership to enhance the tenant mix, increase traffic, and drive cross-shopping.
- Located within 30–60 minutes of North Carolina's Crystal Coast (Atlantic Beach, Emerald Isle, and Morehead City), the property benefits from seasonal tourism and transient traffic.
- Located along the primary access route to W J Gurganus Elementary School (325+ students), the property benefits from consistent daily traffic generated by parents and staff during peak drop-off and pick-up hours.
Listing Contacts
Listed by Colliers - Charlotte, North Carolina, Colliers - Huntsville, Alabama
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$251,801.00
$20,983.42/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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Zoning
HC CommercialSpecial CommercialHighway Commercial
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