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Strickland Brothers | Spring Lake, NC 1030 N Bragg Blvd 1,671 SF Retail Building Spring Lake, NC 28390 $1,760,000 ($1,053.26/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction Single-Tenant Strickland Brothers 10 Minute Oil Change
- Close Proximity to Fort Liberty (Formerly Fort Bragg) and Womack Army Medical Center; Direct Consumer Base
- Excellent Visibility Along Main Commuter Thoroughfare; High-Traffic Location
- Fayetteville MSA: Due to the large military presence, 8 of the top 10 American defense contractors have operations located in the region
EXECUTIVE SUMMARY
Absolute NNN 15-Year Lease | 250+ Systemwide Units Full Corporate Guaranty | 6 Minutes Away From Largest Military Base in U.S.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,671 SF
Building Class
C
Year Built
2023
Price
$1,760,000
Price Per SF
$1,053.26
Cap Rate
6.40%
NOI
$112,686
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.65 AC
Zoning
CP - Commercial Planning
Parking
9 Spaces (5.39 Spaces per 1,000 SF Leased)
Frontage
145’ on North Bragg Boulevard
AMENITIES
- Freeway Visibility
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0502-50-8101 | Improvements Assessment | $227,937 |
| Land Assessment | $219,627 | Total Assessment | $447,564 |
PROPERTY TAXES
Parcel Number
0502-50-8101
Land Assessment
$219,627
Improvements Assessment
$227,937
Total Assessment
$447,564
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Strickland Brothers | Spring Lake, NC | 1030 N Bragg Blvd
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