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24601202
24601217

4600-4610 Bragg Blvd., Fayetteville, NC null

RF
NC NC 312340
Grant-Murray Real Estate
Listed by Grant-Murray Real Estate
$3,850,000
332 days on market
Updated 5 days ago

Nuri Plaza

Details
APN 0418467944; 0418465919
Property Type Retail
Sub Type Shopping Center
Square Footage 30,177
Units 2
Cap Rate 4.44%
NOI $170,823
Occupancy 50%
Tenancy Multi
Lease Type NNN
Remaining Term 7
Pro-Forma Cap Rate 9.83%
Pro-Forma NOI $378,438
Class B
Year Built 2000
Year Renovated 2013
Buildings 1
Stories 1
Acreage 3.640
Zoning CC
Parking Spaces 105 spaces
Parking Per SqFt 3.48
Investment Type Value Add

Retail | 4.44% CAP | 30,177 SqFt

Marketing description

Nuri Plaza consists of a 30,177 SF two-tenant building (4600 Bragg Blvd. and 4610 Bragg Blvd.) located on 3.64 acres in the North Fayetteville submarket. The building was constructed in 2000 (remodeled in 2013) and is sprinkled throughout. The property is also equipped with a pylon sign for enhanced visibility and 105 parking spaces. Zoned Community Commercial (CC), the property can accommodate a diverse range of medium to high intensity retail, service and office uses that serve the general community and region.

The 4600 Bragg Blvd unit consists of 13,634 SF and is occupied by Talecris Plasma Resources, which has occupied the unit since 2013 and has 7 years remaining in lease including renewals. The current rental rate is $14,235.27 NNN ($170,823 NOI).

The 4610 Bragg Blvd unit consists of 16,543 SF and is currently occupied by the owner, which owner plans to vacate upon sale or lease. The unit is being listed for lease concurrently with this sale listing.

The property is located in the North Fayetteville Submarket less than two miles from the All-American Expressway and the I-295 Outer Loop in the North Fayetteville submarket, providing the property convenient access to the major roads in and around Fayetteville. The property is also located less than 2.5 miles from Fort Bragg, the largest military installation in the world in terms of population. Combined, there are nearly 265,000 military personnel, civilian employees, retirees, and family members supported by Fort Bragg, providing an excellent customer pool.

Listing Contacts

RF
NC NC 312340
Grant-Murray Real Estate
Listed by Grant-Murray Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,823.00
$14,235.25/mo

Valuation Metrics

0
DSCR
4.44%
Cap Rate
4.44%
ROI

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Additional Information

Name
Richard Fox III
License
NC 312340
Brokerage
Grant-Murray Real Estate
Brokerage Phone
9108291617
Title
Broker/Esq.
Brokerage Address
150 North McPherson Church Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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