This month’s featured listing is 1,500 square feet of retail space in the Shops at West Gate in Lelend, NC. This space is for sale and is currently the Charlie Grainger’s Restaurant. Continue reading for more information on this great retail opportunity.
This property is zoned C-2 for highway commercial business and can be used as a restaurant or another retail use depending on what the owner wants. It is part of a 3,600 square foot building with 1,500 square feet of usable space. The sale price of ongoing business is $50,000 with an assumed lease of $4207.50 each month. There is over $160,000 worth of upfit and FF&E.
The Shops at West Gate is located in Brunswick county and is part of the Myrtle Beach-Conway- NMB MSA. There are multiple other restaurants and shops located in the Westgate retail center. Some of these businesses include Walmart, Hwy 55, Applebee’s, Leland Deli & Bagel, Locals Tavern, Petsense and numerous others. It is located 10 minutes from Downtown Wilmington, 30 minutes from Wrightsville Beach and about an hour and 15 minutes from Myrtle Beach. This shopping center receives over 50,000 vehicles passing by on HWY 17 daily, offering great visibility.