Licensed North Carolina Real Estate Broker — Affiliated with G Brokerage

Sell Your Commercial Property in Jacksonville, NC

Jacksonville is home to Marine Corps Base Camp Lejeune and Marine Corps Air Station New River — together constituting one of the largest Marine Corps installations in the world. The military's economic impact exceeds $5 billion annually, creating a commercial real estate market entirely shaped by military demand. Over 50,000 active duty Marines, their families, and civilian base employees generate consistent need for retail, dining, services, healthcare, and hospitality. For property owners, Jacksonville's military-anchored market provides demand funded by the federal defense budget — making it recession-resistant but also requiring understanding of deployment cycles, PCS (permanent change of station) patterns, and military consumer behavior.

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Market Intelligence

Jacksonville Commercial Real Estate Market

Jacksonville's commercial real estate market is a pure military economy. Camp Lejeune and MCAS New River together generate over $5 billion in annual economic impact, and virtually every commercial property in the city derives its value from proximity to and service of the military community. Western Boulevard, Marine Boulevard, and the Lejeune Boulevard corridor form the primary commercial arteries, with tenant demand driven by the spending patterns of young military families with stable incomes and predictable — if cyclical — presence. Understanding deployment schedules and PCS rotations is essential to properly underwriting Jacksonville commercial properties.

Beyond base-adjacent retail and services, Jacksonville's economy includes Onslow Memorial Hospital (now Novant Health), which anchors medical office demand, and Camp Lejeune's own naval hospital, which creates secondary civilian healthcare demand for services not available on base. Coastal Carolina Community College adds modest institutional demand. The retail market along Western Boulevard serves both the military community and the broader Onslow County civilian population of 200,000+. Industrial demand is modest but includes military contractor operations and construction supply businesses serving base maintenance and development.

Jacksonville's cap rates are among the highest in coastal North Carolina, reflecting the military market's unique investor audience. The buyer pool consists primarily of military-market specialists who understand PCS cycles, deployment patterns, and the federal spending dynamics that drive demand. These investors value the income stability that military consumer demand provides — Camp Lejeune's mission isn't moving, and the Marines stationed there need commercial services regardless of civilian economic conditions. For sellers, properly presenting to this specialized buyer audience is essential to competitive pricing.

74,000+
Population
0.8% annually
Annual Growth
40000
Median Income
0.045
Unemployment
Major Employers: Camp Lejeune USMC, Onslow Memorial Hospital, Onslow County Schools, Marine Federal Credit Union, various military contractors
Economic Drivers: Military & Defense, Healthcare, Retail, Government, Education
What's Selling

Top Property Types in Jacksonville

01

Retail & Service

Camp Lejeune's 50,000+ Marines and their families create massive demand for retail, restaurant, and service businesses along Western Boulevard, Marine Boulevard, and the Lejeune Boulevard corridor. Fast-casual dining, automotive services, barber and beauty shops, military surplus, fitness centers, and convenience retail maintain high occupancy driven by the captive military customer base. Properties with national tenant credit achieve the tightest cap rates. The military demographic — young, with stable disposable income — generates predictable spending patterns that experienced military-market investors can underwrite with confidence.

02

Office & Government

Novant Health Onslow Memorial Hospital and the civilian healthcare needs not served by Camp Lejeune's naval hospital generate medical office demand along Memorial Drive and the Henderson Drive corridor. Military family dependents, military retirees remaining in Onslow County, and the civilian population all contribute to healthcare utilization. Dental practices, pediatrics, and family medicine are particularly strong given the young family demographic of the military community. Multi-tenant medical buildings near the hospital campus provide income stability in Jacksonville's military-dominated market.

03

Industrial & Warehouse

Defense contractors, military services companies, and construction firms serving Camp Lejeune maintenance and development need office, flex, and industrial space in Jacksonville. Properties along US-17 and in the base-adjacent commercial zones serve these military-support tenants, whose revenue is driven by defense contracts rather than civilian economic activity. The relatively small civilian industrial market serves construction supply and building materials distribution for the Onslow County residential and commercial construction sector.

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Market Data

Jacksonville Cap Rate Ranges

Property TypeTypical Cap Rate
Industrial7.5% - 9.5%
Retail7.5% - 10.0%
Office8.0% - 10.5%
Mixed-Use7.5% - 9.5%
NNN Lease5.5% - 7.5%

Cap rates in Jacksonville are higher than coastal NC markets, reflecting military dependence and offering strong yields.

Your Advisor

Why Jacksonville Property Owners Work With John Salony

Dual Expertise

Most CRE agents don't understand business valuations. Most business brokers don't do real estate. John does both, giving you a complete picture of your property's value.

No Wasted Time

Pre-qualified buyers. Realistic pricing from day one. Clean financials and marketing materials that attract serious offers, not tire-kickers.

Confidential Process

Your tenants, employees, and competitors won't know you're selling until you're ready. Every step is managed with discretion.

Success-Based Fee

You pay nothing upfront. John's fee is earned only when your property sells. Your interests are fully aligned.

Common Questions

Selling Commercial Property in Jacksonville

Retail near Camp Lejeune and medical office near Onslow Memorial are strongest.
Most sales take 4 to 12 months. Military-adjacent properties attract consistent interest.
Jacksonville delivers high yields reflecting the military market specialization. Military-adjacent retail along Western and Marine Boulevard trades at 7.5% to 10.0%, with national-tenant properties tightest. Medical office near Onslow Memorial ranges from 7.0% to 9.0%. Defense contractor office and flex trades at 7.5% to 10.0%. Industrial ranges from 8.0% to 10.5%. NNN properties with credit tenants achieve 5.5% to 7.5%. These rates are 200+ basis points above comparable coastal NC markets, reflecting the specialized buyer pool rather than weak demand fundamentals.
Yes — Jacksonville's military economy creates combined transactions where businesses and real estate are intertwined with the base's demand patterns. Retail and service businesses serving the Marine community, medical practices treating military families, and defense contractor operations all present combined opportunities. John Salony structures these deals for the military-market buyer audience, capturing the federal demand stability premium that Camp Lejeune provides to both business revenues and property values.
Camp Lejeune's mission as a major Marine Corps installation is permanent and backed by billions in infrastructure investment. The military's $5 billion+ annual economic impact provides demand stability funded by federal defense budgets. Novant Health continues investing in the hospital campus. For Jacksonville sellers, the fundamental value proposition is military demand certainty — your property's income is ultimately backed by the U.S. Department of Defense. A confidential consultation can help you present this military-stability narrative to the specialized buyer pool that values Jacksonville's unique market dynamics.
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