CALL FOR OFFERS - MONDAY, AUG. 31 st Redevelopment Opportunity PRIME ATLANTIC BEACH CORNER 3 BLOCKS TO THE OCEAN

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1 CALL FOR OFFERS - MONDAY, AUG. 31 st Redevelopment Opportunity PRIME ATLANTIC BEACH CORNER 3 BLOCKS TO THE OCEAN 104 ATLANTIC BEACH CAUSEWAY ATLANTIC BEACH, NORTH CAROLINA, Morehead City Atlantic Beach Causeway W. Bogue Sound Dr E. Fort Macon Rd LEE HOLDER SENIOR MILOS RADOJKOVIC COLLIERS INTERNATIONAL RALEIGH-DURHAM 702 Oberlin Road, Suite 400 Raleigh, North Carolina 27605

2 SITE DETAILS Atlantic Beach Causeway Bldg 3 Bldg 2 Bldg 1 > Best corner lot in Atlantic Beach E Fort Macon Rd > ADDRESS 104 Atlantic Beach Causeway Atlantic Beach, NC > SQUARE FOOTAGE Building One: 1,708 SF Building Two: 2,072 SF Building Three: 2,712 SF (Includes boat slip and dock) > ACREAGE ±1.414 Acres (±.03 navigable water) > ZONING (Atlantic Beach) GB, General Business District COD, Causeway Overlay District > PARCEL # > WATER DEPTH AT LOW TIDE Approximately 3ft-5ft > ASKING PRICE $2.5MM SENIOR

3 AREA RETAIL, TRAFFIC COUNTS & DEVELOPMENT This site is located at the main gateway between Atlantic Beach and Morehead City. - Marina Morehead City 22,000 AADT 17,000 AADT Atlantic Beach Causeway 7,600 AADT W. Fort Macon Rd E. Fort Macon Rd Developments Currently Under Construction and/or Planned: The Grove Master Plan also includes over 146 residential units and 22,570sf of commercial space currently under construction or soon to begin. The Lookouts at the Grove The Bungalows at the Grove The Grove Oceanside I, II, III 120 Oceanfront Rooms, Delivery Expected Spring 2018 SENIOR

4 PHOTOS This site is located at the main gateway between Atlantic Beach and Morehead City. SENIOR

5 TOPOGRAPHY 108 2FT 5FT Source: Carteret County GIS Maps SENIOR

6 ZONING Legend Town of Atlantic Beach New Zoning Corporate Limits Causeway Overlay District Zoning R2 R3 R1-5 R1-7 R1-C R1-M RS GB CB CDD RMU Causeway Overlay with General Business allows for retail, residential and condominiums up to 4 stories. SITE SENIOR

7 AREA DETAILS Atlantic Beach anchors the eastern end of Bogue Banks, a 22-mile stretch of barrier islands accessed by bridge from Morehead City, North Carolina. These islands face the Atlantic Ocean to the south and Bogue Sound to the north. To the east, Cape Lookout s lighthouse can be seen on clear days, standing magnificently in the sky as a guiding light for sea traffic. Beach access can be found many places throughout the Atlantic Beach. Practically every access is complete with public parking, and some have bathhouses attached for visitors. Shackleford Island, just east of Atlantic Beach s coast, is a popular destination for visitors who enjoy exploring. Accessibly only by ferry or personal boat, the island has been uninhabited since its introduction as a state wildlife refuge. Populating Shackleford to the east are wild horses, known as banker horses, which are believed to have originated from a Spanish shipwreck centuries ago. Morehead City, across the bridge, is a State Port Terminal. The Beaufort Inlet, 1/4 mile from the waterfront, is maintained at 45 depth for ocean frieghters, tankers and US Naval ships who use the port terminal. US Marines ship out from a military dock nearby on Radio Island and the US Coast Guard maintains a significant base at Fort Macon, immediately adjacent to the inlet. POTENTIAL USES > Pharmacy > Bank > Gas Station > Mixed-Use: Retail / Office & Multifamily Component > Quick Service Restaurant Beaufort Inlet Cape Lookout * crystalcoast.com, visitatlanticbeachnc.com SENIOR

8 DEMOGRAPHICS POPULATION 1 MILE 3 MILES 5 MILES 2010 Total Population 1,003 10,619 16, Population ,157 18, Projected 1,044 11,896 19, Median Age HOUSEHOLDS 1 MILE 3 MILES 5 MILES 2010 Total Households 478 4,867 7, Households 552 5,306 8, Projected 606 5,661 9, Avg Size MEDIAN HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES 2016 Median Household Income $52,706 $39,739 $45, Median Household Income $59,240 $44,243 $51, Annual Rate 2.36% 2.17% 2.36% AVERAGE HOUSEHOLD INCOME 1 MILE 3 MILES 5 MILES 2016 Average Household Income $73,653 $54,723 $62, Average Household Income $82,323 $60,391 $68, Annual Rate 2.25% 1.99% 2.00% PER CAPITA INCOME 1 MILE 3 MILES 5 MILES 2016 Per Capita Income $41,942 $26,358 $29, Per Capita Income $46,856 $29,049 $32, Annual Rate 2.24% 1.96% 1.96% SENIOR

9 CARTERET COUNTY: Crystal Coast s proximity to the Gulf Stream the waters are not only a magnificent turquoise color but they are also rich with marine life such as seashells, fish, turtles and dolphins. The area is also know for its phenomenal offshore fishing and is home to the annual Big Rock Blue Marlin Tournament - the largest tournament one on the east coast. Cape Lookout National Seashore, Fort Macon, Shackelford Banks, crystal coast kayaking, Croatan National Forest, boating and fishing. SENIOR

10 Great Diving: Graveyard of the Atlantic, more than 2,000 vessels have made their watery graves along the North Carolina coast. Crystal Coast Communities: Atlantic Beach, Beaufort, Emerald Isle, Morehead City, Pine Knoll Shores, Cape Lookout. Home of Delightful Distractions: North Carolina Aquarium at Pine Knoll Shores, Core Sound Waterfowl Museum and Heritage Center and Fort Macon State Park. This document/ has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. SENIOR