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34221354
34221351

482 North McPherson Church Rd, Fayetteville, NC 28303 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$2,630,774
12 days on market
Updated 5 days ago

Mac's Speed Shop

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,700
Cap Rate 7.75%
NOI $203,885
Occupancy 100%
Tenancy Single
Brand/Tenant Mac's Speed Shop
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/21/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options 2, 5-Year
Price per SqFt $462
Broker Co-Op True
Year Built 1984
Year Renovated 2012
Buildings 1
Acreage 0.910
Zoning Commercial
Parking Spaces 70 spaces
Parking per 1,000 SqFt 12.28
Investment Type Net Lease
Lease Commencement 12/22/2014
Ground Lease No

Affluent Surrounding Area | Absolute Net Lease | Long Operating History

Investment highlights

• Absolute net lease | Zero landlord responsibilities

• Located inside of dense retail corridor | 7.9M SF within a 2-mile radius

• Long operating history | Leased since 2014

• Attractive population density within a 5-mile radius | 148,773 residents

• 8 miles from Fort Bragg | 252K total base population | $8B economic impact | Largest military base in the world by population

• Affluent surrounding area | $88,817 average household income within a 1-mile radius

• Great visibility & access from N McPherson Church Rd | 16,500 VPD

• 10 minutes from Cape Fear Valley Medical Center | 850 beds

• 10 minutes from Fayetteville State University | 7,600 students

• Within 3 miles from Fayetteville Terry Sanford High School & Fayetteville Academy | 1,550 students combined

• 8 miles from Fayetteville Regional Airport | 22 flights per day

• Across the street from Cross Creek Mall | 329K SF

• Located near a top-performing Walmart Supercenter and Sam’s Club | Both rank in the 86th percentile or better nationwide via Placer.ai

• Close to destination retailers | Walmart Supercenter, Lowe’s, Home Depot, Publix, Harris Teeter, Sprouts, Food Lion, ALDI, Target, Kohl’s, Dick’s Sporting Goods, Staples, Texas Roadhouse, Outback

Steakhouse, Olive Garden, Red Lobster, IHOP, Panera, First Watch, Chick-fil-A, McDonald’s, Chipotle, Hardee’s, Burger King, KFC, Biscuitville, 7 Brew, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$203,885.00
$16,990.42/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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