Terry Espy

Momentum Companies

Phone: Show Phone Number

momentumprojects.com


Contact Broker

Please confirm you're not a robot

103 South Front Street,
Wilmington, North Carolina 28401 (View Map)

About the Company

Terry Espy’s career in real estate development and brokerage, as well as business brokerage, spans more than thirty years and now involved in some of the most innovative, progressive projects in North Carolina. She coordinated the development of the commercial component of South Front District in Downtown Wilmington, NC in the revitalization of that area. As part of the effort, she secured famed eastern North Carolina chef, Vivian Howard, as a restaurant tenant in South Front. Having brokered over 50 restaurants in the Wilmington area over the last 5 years, she has made her mark regarding her efforts to help Wilmington become a “food destination”. During the COVID restrictions in 2020 she spearheaded the “Downtown Alive” initiative which enabled 32 Downtown restaurants to expand outdoors through the sidewalk, into the parking spaces, allowing pedestrians to ability walk along the closed streets safely. Throughout Downtown Wilmington, she has coordinated the sale and/or lease of numerous historic properties for upper-level tech and business service companies, strengthening the zoning mix to support retail and restaurants.

Broker Biography

Introduction

Community Involvement:
• Wilmington Downtown Business Alliance – President 7 years
• Thalian Hall Center for the Preforming Arts – President
• Cape Fear Museum – Executive Board
• Historic Wilmington Foundation – Executive Board
• Juvenile Diabetes Research Foundation – Executive Board
• Appointed to City of Wilmington:
Vision 2020 Committee
DPAC-Downtown Parking Advisory Committee
MSD Advisory Board
• Service on multiple boards and committees, including Raleigh Chamber of Commerce, Wilmington Chamber of Commerce, Home Builders Association of Raleigh-Wake County, Women’s Presidents Organization, Commercial Real Estate Women, National Association of Women Business Owners, Coastal Carolina Tomorrow.

Awards, Honors & More:
CREW 2025 Award of Excellence - Most Influential Woman in Commercial Real Estate Award
Star News 2025 - Wilmington's Most Influential Person
The Women’s Business Award from Triangle Business Journal.
The Pinnacle Award from Raleigh Chamber of Commerce.
Interviewed by the Wall Street Journal, Money magazine, The New York Times, Entrepreneur, News and Observer, Star News, Wilmington Business Journal and Business NC magazine.

Services Provided

A fully integrated real estate brokerage and business brokerage, MoMentum Companies is known for its community-centric strategies and results. Areas of expertise include commercial sales, leasing and development, and business brokerage. MoMentum Companies has developed and brokered projects in the medical, multi-family, retail, hospitality, restaurant, office, and mixed-use sectors. Recent successes include the sale of The George Restaurant and real estate in Downtown Wilmington, NC, and Ruth’s Chris Steak House’s new lease at River Place. Owner Terry Espy’s sons Kennan and Drew, brokers at the firm, share her passion for building a thriving Downtown Wilmington, as does her sister Donna Wallin, who manages the MoMentum Companies event space, Station No. 2., and several downtown luxury short term rentals..
Recognized for its boutique approach to brokerage, the team at MoMentum focuses on both the client’s and the community's best interests while conquering complex issues, creating successful outcomes, and enhancing the quality of life in the region. MoMentum is a fan of the substantial investment made in Downtown Wilmington by private entities and the City itself. Visit momentumprojects.com to learn more.

Areas Served

  • Ashe County, NC
  • Brunswick County, NC
  • New Hanover County, NC
  • Wake County, NC
  • Horry County, SC
  • Professional Affiliations

    Graduate of University of South Carolina
    North Carolina Real Estate Brokers License.

    Business For Sale Listings

    $350,000
    Cash Flow: $90,770 
    Wilmington, NC  Agent: Kirk Walsh
    View Details 
    Good Lie Mini Golf Bar – Prime Downtown Wilmington Opportunity

    This is a rare opportunity to acquire a unique bar in the heart of one of North Carolina’s most desirable coastal markets. Good Lie Mini Golf Bar combines entertainment and upscale bar service in a highly engaging format that continues to gain traction with both locals and visitors.Located on Castle Street, one of Wilmington’s fastest-growing corridors, the business benefits from increasing foot traffic, revitalization projects, and strong neighborhood momentum. The surrounding area has quickly become a destination for dining, nightlife, and boutique retail, positioning this business at the center of a vibrant and expanding entertainment district.The business has demonstrated strong year-over-year growth from its first year of operation into its second, reflecting increasing brand awareness, repeat customer activity, and improved operational efficiencies. Revenue performance and customer demand continue to trend positively, 

    $350,000
    Cash Flow: $108,000 
    Wilmington, NC  Agent: Kirk Walsh
    View Details 
    Sugar Buzzed - Wilmington's First Grown-Up Candy Store

    Located in the vibrant South Front District of Wilmington, NC, Sugar Buzzed is a turnkey adult candy store concept known for its creative offerings, bold branding, and high-traffic location. Positioned in one of Wilmington’s fastest-growing and most desirable mixed-use districts, Sugar Buzzed benefits from strong year-round foot traffic, a loyal local following, and constant exposure to nearby residential communities, restaurants, breweries, and event spaces.Location Highlights:-Situated in the sought-after South Front District, one of Wilmington’s most dynamic urban neighborhoods-Surrounded by high-traffic restaurants, breweries, boutiques, and residential developments-Excellent visibility, walkability, and accessibility-Well-maintained space with modern finishes and an inviting atmosphereComprehensive financial documentation and operational details available to qualified purchasers following execution of confidentiality 

    $185,000
    North Carolina 
    View Details 
    Prime Restaurant Space Available Immediately in Carolina Beach

    Seize a truly rare opportunity to plant your flag in one of coastal North Carolina’s fastest-growing beach communities. This approximately 2,400 SF fully built-out restaurant and bar is located along the most visible corridor into Carolina Beach, offering outstanding exposure to both year-round residents and peak-season visitors. Opened just over a year ago, the facility feels nearly new—all furniture, fixtures, and equipment (FF&E) are in excellent condition. This is a genuine second-generation restaurant space in a market where such opportunities seldom come to market, saving a future operator significant time and build-out cost. Walk in ready for any Chef driven restaurant. The assumable lease is way below market and actually one of the only available spaces on the island. 

    $725,000
    Cash Flow: $156,493 
    Whiteville, NC 
    View Details 
    Turnkey Whiteville Restaurant w/ RE - Profitable Community Favorite

    Step into ownership of Southern Sizzler, one of Whiteville's most beloved and established restaurants - a true community favorite with a loyal following that spans all of Columbus County. In fact, the business was just voted "2025 Columbus County Best Steakhouse and Buffet". Rare opportunity to purchase the business as well as the real estate! Located in the heart of Whiteville,NC, this —— square foot fully equipped restaurant seats 160 guests and features a private dining/meeting room, perfect for hosting parties, business gatherings, and special events. The layout is both efficient and welcoming. The lunch buffet is still extremely popular and designed to accommodate the high-volume dining traffic while maintaining the warmth and familiarity that keeps guests coming back week after week.With years of successful operation, this family-owned restaurant has 

    $315,000
    Cash Flow: $67,900 
    Wilmington, NC  Agent: Kirk Walsh
    View Details 
    Thriving and Beloved Downtown Wilmington Restaurant For Sale

    Located in the heart of one of the Downtown Wilmington’s most vibrant historic downtown districts, this established, full-service restaurant is known for its inviting atmosphere, high-quality cuisine, and long-standing reputation within the community. A staple in the market for many years, the restaurant attracts a loyal local following as well as steady tourist traffic, creating a reliable and diverse customer base.This operation delivers consistently strong financial performance, generating approximately $1.6 million in annual revenue, with clear opportunities to further increase sales through expanded catering, private events, and extended operating hours.The restaurant offers a turn-key, fully built-out commercial kitchen, well-maintained equipment package, experienced staff, and excellent visibility in one of the area’s most desirable dining corridors. The location benefits from strong foot traffic, walkability, and 

    $1,299,000
    Southport, NC  Agent: Kirk Walsh
    View Details 
    Haven of Southport-Turnkey Business with Real Estate in Southport, NC

    Haven of Southport represents an exceptional acquisition opportunity featuring an established café/gelato operation combined with prime commercial real estate in Southport, North Carolina's historic waterfront district. This turnkey enterprise operates within the competitive restaurant and food service sector, serving both the local residential market and the seasonal tourism economy.The business maintains an established customer base through consistent food service operations, regular entertainment programming, and strategic positioning within Southport's high-traffic commercial corridor. The property has undergone comprehensive renovation, delivering modern operational infrastructure while preserving the character appropriate to the historic coastal setting.Operational Highlights:• Established restaurant operation with documented revenue history• Prime commercial location with high pedestrian traffic and visibility• Fully 

    $1,650,000
    Cash Flow: $496,235 
    Wilmington, NC 
    View Details 
    Famous Waterfront Bar & Grill

    A rare opportunity to acquire a well-established waterfront dining destination with full bar, known for its prime location and loyal following among both locals and visitors. Operating since 2017, the business has demonstrated consistently increasing revenues and strong profitability, making it SBA financeable (preapproved). With its distinctive concept, proven performance, and sustainable competitive advantages, this restaurant stands out as a one-of-a-kind offering in the Wilmington market!Further details available upon execution of a confidentiality agreement (NDA). 

    $199,999
    Cash Flow: $50,000 
    Wilmington, NC  Agent: Kirk Walsh
    View Details 
    Popular Dessert Franchise With Flexible Licensing Agreement

    ESTABLISHED DESSERT BUSINESS - WILMINGTON HIGH-TRAFFIC LOCATIONThis profitable dessert establishment operates in Wilmington's premier commercial corridor within New Hanover County, benefiting from exceptional visibility and consistent foot traffic patterns. The business has maintained continuous operations for over one year with established revenue streams and documented financial performance.OPERATIONAL STRUCTURE:- Licensed business model with flexible operational terms- Proven systems and brand recognition framework- Established customer base spanning families, students, and tourists- Diverse menu portfolio designed for broad market appealLOCATION ADVANTAGES:- High-visibility storefront in Wilmington's busiest commercial corridor- Strategic positioning captures both local resident and tourist traffic- Prime real estate location with established foot traffic patterns- Accessible location supporting customer retention and 

    $415,000
    Cash Flow: $294,820 
    Wilmington, NC  Agent: Andy Scheid
    View Details 
    Thriving Turn-Key Italian Restaurant & Pizzeria – Prime Wilmington, NC

    Now is your chance to own a well-established, highly regarded Italian restaurant and pizzeria in one of Wilmington’s fastest-growing areas—right in the heart of southern New Hanover County. Strategically located in a high-traffic shopping center with excellent visibility and steady foot traffic, this business is positioned for immediate success and long-term growth.Step into a fully equipped, nearly new commercial kitchen with top-of-the-line FF&E—ready for you to take over without missing a beat. The restaurant is known for its loyal customer base, strong online reviews, and outstanding food and service.This is more than just a dine-in experience—multiple revenue streams are already in place, including an established delivery operation and a booming catering business.Wilmington is booming, and this restaurant is perfectly poised to ride that wave of growth. Whether you're an experienced restaurateur or an ambitious 

    $275,000
    Cash Flow: $60,000 
    New Hanover Co., NC  Agent: Chantay Allen
    View Details 
    State-of-the-Art Giclee Printing Co. & Frame Shop for $275K!

    A highly profitable state-of-the art giclee printing company and frame shop is NOW AVAILABLE for $275K! Located in a high-traffic shopping center along the coast of Eastern, NC, the specialized art and photography reproduction studio driven by e-commerce sales has national clientele with no main competition in the area. The studio's professional quality of paper and canvas reproduction is made with cutting-edge printing technology and superior materials at a competitive price. Being equipped with a fully-staffed frame production shop provides the option for clients to have their fine art and photography giclee prints custom framed. Annual gross revenue is $400K and the value of $218,000 FF&E and $143, 500 inventory are included in the asking price. Cash flow is +$60K with an opportunity to increase sales through events for local artists. To ensure the 

    $250,000
    Wilmington, NC 
    View Details 
    Popular Bistro in Downtown District

    One of Downtown Wilmington’s most charming bistros. Located in a Downtown District, this quaint, historic cottage attracts young and old diners who value chef crafted breakfast, lunch and Sunday brunches. The possibilities to expand hours and menu are great. Put your mark on this Wilmington local favorite. 

    $4,750,000
    Mexico  Agent: Monica Himes
    View Details 
    Luxury Boutique Resort - 5+ acres

    PROPERTY IS LOCATED NEAR MONTERREY, NL – MEXICO QUINTA IN SAN EUGENIO CONSISTS OF 3 PROPERTIES – CASA STA. BARBARA, MESOPOTAMIA AND MOLIENDA. PROPERTIES FULLY FURNSIHED. THE SERENE AND PRIVATE QUINTA HAS 5.11 ACRES OF BEAUTIFUL LAND, GARDENS, STREAMS, FRUIT TREES, WOODS – INCREDIBLE NATURE SCENERY. LAND HAS A POND WITH RUNNING WATER, A WATERFALL, AND A STREAM WITH COUNTLESS TREES CALLED ‘SABINOS’ THAT ARE OVER 130 FEET TALL. • BEDS – 11 Bedrooms with capacity for at least 36 people • BATHS – 17 Bathrooms for private bedrooms and guest bathrooms • DINING – At least 82 people • SIZE - Total building size is 16,560 sq ft on 5.11 acres • SECURITY - Private and secure gated entrance with QR code for guests • ELECTRICITY - Own power plant with a capacity of 75,000 watts • OUTDOOR ACTIVITIES - Pathways for four-wheelers and hiking • AMENITIES – Pool and open land for outdoor sports. Area for future paddle courts, tennis courts, 

    $1,200,000
    Cash Flow: $360,000 
    Wilmington, NC 
    View Details 
    Iconic Downtown Wilmington Sports Pub For Sale

    One of Wilmington's most popular sports pubs is now for sale. A favorite among the locals and tourists, this business has seen continued growth over the years. With Downtown Wilmington's amazing growth throughout the pandemic, everyone wants their "Cheers" place...where the staff knows your name, your favorite meal and your drink. This is the place!!With knowledgeable staff willing to stay with the sale. This is an asset purchase to include the rights to the name/brand, trademark, receipts, furniture, fixtures, equipment and goodwill to include all website, social media, and vendor relationships. Restaurant is priced to sell!!To learn more about this exclusive offering, contact us for confidential discussions and explore the possibilities that await. All interested parties must sign a Non-Disclosure Agreement and be financially able to fund the purchase by 

    Featured Sold Listings Listings sold on BizQuest: 16
    Contact Broker
    Please confirm you're not a robot
    By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice