Shallotte Building Leases Up Amid Demand For Flex Space

A new 11,560-square-foot flex building in Shallotte has been fully leased, with a second flex-space building nearby in the works.

The first building secured a lease-up ahead of the issuance of a certificate of occupancy – a sign of the demand for commercial space in the area, said Mike Musselwhite, a vice president and commercial broker with Sun Coast Partners Commercial.

Musselwhite said he began marketing the building, located at 4636 E. Coast Lane in Shallotte, over a year ago when site work was beginning on the property. The building was developed on the 1.3-acre tract by Stanley Investments.

Tenants include Net Par, an indoor golf simulator venue; electrical contractor Shore Electrical Systems; and Coastal Geomatics, a land surveying, mapping and planning company.

According to Musselwhite, Net Par is leasing two of the building’s four flex spaces, with more than 6,500 square feet. Coastal Geomatics and Shore Electrical Systems are both leasing units with just over 2,400 square feet. Coastal Geomatics is open in the building, while Net Par and Shore Electrical Systems are awaiting their certificates of occupancy, which could come this week.

Musselwhite said Net Par brings something new to a growing part of Brunswick County. The new flex building is on land that’s adjacent to The Meadows at Wildwood Village, a nearly 300-home single-family home community from homebuilder DR Horton.

“They're upfitting one unit on the end of the building, but they've also rented the unit beside of it,” he said about Net Par, “because they feel that there's so much business that they're going to need both.”

According to the company’s website, Net Par is a franchise based in northwest Indiana. It has locations in Indiana, Iowa and New York, and the Shallotte location would be the brand’s first in North Carolina.

Musselwhite said he’s seeing increased demand for flex space – commercial properties designed to accommodate a range of uses from office and retail to warehouse space – across Brunswick and New Hanover counties. As more people move to the region, they’re also looking for local spaces to accommodate their growing businesses, he added.

“Their business has gotten to the point where it’s a little too big to keep running out of the garage or out of the home,” he said, “so they find the next best thing, which is flex space.”

In an email, David Summerlin, III, a broker with Sun Coast Partners Commercial, said the lease-up of the Shallotte building is an example of the strength of the commercial real estate market in Brunswick County.

"The overall Brunswick County sub-market remains strong, and Shallotte is no exception,” he wrote. “As residential growth spurs, we see many commercial users follow.”

According to U.S. Census data released earlier this year, Brunswick County’s population grew by 4.7% between 2024 and 2025, making it the fastest-growing county in the state.

The building’s developer is planning a second, just over 9,000-square-foot flex building on an adjacent one-acre tract, Musselwhite said. It will include six flex spaces ranging from nearly 1,500 to nearly 1,700 square feet. Musselwhite said he expects to begin pre-leasing that second building in the coming weeks, and it could break ground early next year.

Shallotte Building Leases Up Amid Demand For Flex Space

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