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Devonwood Square 101 S Reilly Rd 48,143 SF 100% Leased Retail Building Fayetteville, NC 28314 $3,300,000 ($68.55/SF) 3.97% Cap Rate
Investment Highlights
- Below market rents.
- Mix of national and local tenants.
- Prime location at a lighted Intersection.
- Less than 2 miles from Fort Bragg Entrance (largest base in US).
Executive Summary
Cape Fear Commercial is pleased to present Devonwood Shopping Center, a unique value add opportunity on a hard, lighted corner, in Fayetteville, NC.
A recent failed redevelopment effort prevented new leasing causing the property to become 50% vacant w/ another 34% on MTM leases.
Located in Fayetteville NC at the lighted intersection of S Reilly Rd (24.k VPD) and Morganton Rd (19k VPD).
A recent failed redevelopment effort prevented new leasing causing the property to become 50% vacant w/ another 34% on MTM leases.
Located in Fayetteville NC at the lighted intersection of S Reilly Rd (24.k VPD) and Morganton Rd (19k VPD).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
48,143 SF
Building Class
C
Year Built
1978
Price
$3,300,000
Price Per SF
$68.55
Cap Rate
3.97%
NOI
$131,010
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
4.53 AC
Zoning
C1P - Commercial
Parking
190 Spaces (3.95 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,138,812 | |
| Land Assessment | $1,045,827 | Total Assessment | $3,184,639 |
Property Taxes
Parcel Numbers
Land Assessment
$1,045,827
Improvements Assessment
$2,138,812
Total Assessment
$3,184,639
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Devonwood Square | 101 S Reilly Rd
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