Listed by CP Partners
$9,161,000
Boone Trail Center
Details
Property Type Retail
Sub Type Shopping Center, Restaurant
Square Footage 67,445
Cap Rate 7.53%
NOI $690,176
Occupancy 92.1%
Tenancy Multi
Brand/Tenant Pizza Hut, Jersey Mike's
Pro-Forma Cap Rate 7.99%
Price per SqFt $136
Acreage 11.000
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
Value-Add Neighborhood Shopping Center
Marketing description
Boone Trail Center is positioned along the busy Boone Trail & Owen Drive retail corridor. This well-located property benefits from excellent traffic counts (55,381 VPD combined), convenient ingress and egress, and proximity to established residential neighborhoods and national retailers. The center is supported by the powerful economic influence of Fort Bragg (~10 miles from subject property) — one of the largest military installations in the world. Fort Bragg drives billions in annual economic activity and supports a dense population of 265,104.
Investment highlights
- Below market rents – priced well below replacement value ($136 psf)
- Staggered rents range from $6-$26 psf
- Possible development opportunities for new QSR and strip center outparcels
- 3 separate parcels on over 11 acres
- Located on Boone Trail and Owen Drive (55,381 VPD combined) in the heart of Fayetteville
- Home to Fort Bragg, the largest U.S. military base in the world and a mission critical hub for national defense operations
- Fayetteville has a new 1000-job Amazon fulfillment center which opened in the summer of 2024, and a recently announced $867 million dollar aerospace manufacturing plant
- A population of approximately 314,839 residents within a 10-mile radius provides a substantial and reliable consumer base
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$690,176.00
$57,514.67/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
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