Atlantic Station

Location: Atlantic Beach, NC
Type: Retail
Price: $ 8,250,000

SMC provided a $8,250,000 first mortgage to refinance existing debt at the Property. The majority of the tenants have been in occupancy at the Property in excess of five years, and the majority of tenants’ rents are below market for the area. Food Lion, the anchor, has demonstrated strong sales, and it is one of the few grocers in the area.