Leland, NC Retail Property For Sale

This 1.87-acre site is currently the site for Willoughby’s, which is a local bar & entertainment venue in Leland located on Highway 17 between Magnolia Greens and Brunswick Forest. Visibility and access from Highway 17 are excellent.

This commercial corridor is the center of most retail, restaurant, office and medical development in northeast Brunswick County. Scores of national, regional and local retailers are within one mile of this site. The property’s current zoning permits all the commercial activities mentioned above.

The bar business is currently operating in the existing building but the value of this property will be found by razing the building and redeveloping the site.

DIRECTIONS:

One half mile south of Magnolia Greens on the west side of Highway 17.

7.5% Cap Rate. Leased restaurant investment in a high visibility corner location. Tenant in the first year of a 5 year lease. The building has been upgraded and is in great condition.