Terry Espy

Momentum Companies

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momentumprojects.com


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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

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

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

    Business For Sale Listings

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    View Details 
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    $400,000
    Cash Flow: $118,633 
    Wilmington, NC  Agent: Kirk Walsh
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    Popular Dessert Spot – High Traffic Wilmington Location

    This established dessert business is located in one of Wilmington’s busiest, most visible corridors, offering exceptional exposure to both local residents and tourists. The concept features a creative, diverse menu designed to appeal to a wide audience, making it a popular stop for families, students, and visitors.The business operates under a licensing agreement with flexible terms, allowing a new owner to benefit from brand recognition and proven systems while retaining operational flexibility. Positioned for continued growth, this location offers strong potential for expansion in both product offerings and customer base.To learn more about this exclusive offering, contact us to discuss and explore the possibilities that await. All interested parties must sign a Non-Disclosure Agreement and be financially able to fund the purchase by showing proof of funds within their personal financial statement. 

    $450,000
    Wilmington, NC 
    View Details 
    Coglin's Retro Bar Business for Sale!!

    Wilmington's only 80s/90s bar is now available for sale! This lively bar and music hall transports one back to a time when you would meet up after work with your friends and enjoy a night of dancing and great drinks. From the Motown sounds to the B-52's the music in Coglin's transports you to another time. Located in the heart of vibrant Historic Downtown Wilmington at the intersection of Market and 2nd…..just a short walk to the nationally recognized Riverwalk. Extensive parking available just across the street. This club features a street-level 400+ sf VIP lounge which can be used for private parties, green-room for featured artists, etc. The 4992sf lounge located on the second floor is accessible by stairs or elevator. The upper level features a massive bar, large dance floor and a 378sf raised platform that would make an ideal stage for live performances. The upper level includes a 620 sf covered outdoor space with 

    $40,000
    Cash Flow: $30,000 
    Wilmington, NC  Agent: Chantay Allen
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    Premier Hair & Makeup Service for Weddings and Events – ONLY $40K!

    NEW ON THE MARKET! A premier wedding and event beauty service specializing in high-end hair and makeup for weddings and events. Established by an experienced licensed esthetician and professional makeup artist, this fully-staffed luxury concierge service is known for its excellence and dedication to ensuring clients feel confident and beautiful on their special day.Operating with a team of highly skilled and passionate professional artists, the company has served 500+ clients and maintains strong relationships with 20+ event vendors. This profitable beauty business offers immediate income potential and continued growth with bookings already confirmed through 2026! Average gross revenue is $53K, with an opportunity for a new owner to exceed $60K and $30K cash flow. Bridal hair and airbrush makeup services with flexible booking options are provided on-location throughout Wilmington and within a three-hour travel radius. 

    $415,000
    Cash Flow: $265,000 
    Wilmington, NC  Agent: Andy Scheid
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    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 

    $775,000
    Cash Flow: $192,371 
    Wilmington, NC  Agent: Andy Scheid
    View Details 
    Established Italian Restaurant & Pizzeria in Prime Wilmington Location

    This successful Italian restaurant with a full chef’s kitchen and pizza ovens is located in the heart of Wilmington’s busy Market Street/College Road corridor. Recently reduced the owner is motivated and ready to sell to a qualified buyer.A local favorite known for its quality food and service, the restaurant enjoys a loyal following, strong reviews, and consistent foot traffic. Growth potential includes expanding outdoor seating, bar service, and full-week operations.Thriving full chef's kitchen Italian restaurant with pizza ovens, centrally located in the bustling Market Street/College Road corridor in Wilmington, NC, is a gem with tremendous growth potential. The restaurant boasts a loyal following thanks to its exceptional food, welcoming atmosphere, and excellent service. Its prime location in a busy shopping area ensures consistent foot traffic and offers exciting opportunities for expansion, particularly in outdoor 

    $300,000
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    View Details 
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    Due to the success of restaurants in the Wilmington market throughout the Pandemic there are very few opportunities to find second-generation spaces. Most Wilmington restaurants have experienced “the best years ever” in 2022 , 2023 and 2024 and are heading in the same direction, with the National recognition of “Top Ten Foodie Destinations”/Small Cities the demand has increased even more so. Highly sought-after location….in the heart of a historic area and established for over 20 years. It boasts loyal customers and great ratings. One of Wilmington’s only breakfast, lunch and dinner restaurants, weekend brunch with patrons waiting in line to get in. This turn-key opportunity is a must to consider for any chef or restaurant group looking to quickly establish themselves in the Wilmington area. Plenty of opportunity to put an individual’s stamp on it to make it your own and increase revenues.This is an asset purchase to include 

    $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!

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    $250,000
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    View Details 
    Popular Bistro in Downtown District

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    $4,750,000
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    View Details 
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    $1,200,000
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    View Details 
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