Atlantic Commons 1131 N Atlantic Ave 5 020 pi² 100% Loué Commerce de détail Immeuble Southport, NC 28461 1 292 700 $ CAD (257,51 $ CAD/pi²) 6,51% Taux de capitalisation

The subject property is ideally located in the heart of Southport, just off of Howe Street, which is Southport's main corridor with many restaurants and retail shops. 100% leased, multi-tenant, mixed-use building in the heart of Southport, NC. The 5,020 square foot, two-story building consists of two large, residential units on the second floor and a Thai restaurant on the first floor. The property has on-site, surface parking for the exclusive benefit of the tenants and customers.
Both large, residential units each have 3 bedrooms/3 full baths and are approximately 1,500 SF each.
Both units have very large, covered porches
Priced well below replacement cost at $185 per square foot
Located just minutes from the downtown waterfront
Convenient and easy access from all areas of Southport
Established Thai restaurant operating on entire first floor
Restaurant has a 5 year lease with 3% annual escalations
Residential tenants recently signed 1 year lease extensions (one tenant been there over 5 years)
Residential units can be short-term rented in this zoning district
Residential unit rents are currently below market