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2100 W Cumberland St
Dunn, NC 28334
Truist Bank · Retail Property For Sale

Investment Highlights

  • Absolute Triple Net (NNN) Lease | ~8 Years Remaining
  • Investment Grade Tenant | A- Rating (S&P)
  • Corporate Tenant | Corporate Guarantee
  • Attractive 1.5% Annual Rental Increases
  • Six (6), Five (5)-Year Tenant Renewal Options
  • In 2016, SunTrust Bank Executed its Renewal Option Early & Extended the Term of the Lease by 10 Years

Property Facts

Property Type
Retail
Property Subtype
Bank
Building Size
4,216 SF
Building Class
C
Year Built
1988
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Zoning
C-2 - Commercial
Parking
26 Spaces (6.12 Spaces per 1,000 SF Leased)
Frontage
191’ on W Cumberland St

Amenities

  • Banking
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru

About 2100 W CUMBERLAND ST , DUNN, NC 28334

The subject investment property is situated on West Cumberland Street, which boasts an average daily traffic count exceeding 24,000 vehicles. There are more than 17,060 individuals within a three-mile radius of the subject property and more than 23,512 individuals within a five-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitals. Major national tenants include: Walmart, Lowes Home Improvements, Walgreens, Belk, Dollar Tree, McDonald’s, Save-a-Lot, Tractor Supply Co, Wendy’s, Zaxby’s Chicken Fingers & Buffalo Wings, and many more. This Truist Bank is also located only two miles from Betsy Johnson hospital, a 101-bed medical facility. The Betsy Johnson Hospital offers multiple specialties including: cardiology, emergency medicine, endoscopy, gastroenterology, general surgery, gynecology, hospitalist medicine, obstetrics, ophthalmology, orthopedics, pathology, podiatry, radiology, and urology. Additionally, the subject property is located less than 10 miles from Campbell University, which boasts a total enrollment exceeding 7,121 students. Dunn is located in Harnett County, North Carolina, which is part of the greater Raleigh-Durham-Cary Combined Statistical Area. Dunn is situated less than 30 miles outside of Fayetteville, the sixth-largest city in North Carolina. Fayetteville is the county seat of Cumberland County and is best known as the home of Fort Bragg, a major U.S. Army installation northwest of the city. Fort Bragg is the backbone of Cumberland County’s economy. Fort Bragg and Pope Field pump about $4.5 billion per year into the region’s economy, making Fayetteville one of the best retail markets in the country. Fayetteville serves as the region’s hub for shops, restaurants, services, lodging, health care and entertainment. Fayetteville boasts a low unemployment rate with a large labor pool of trained professionals. The Fayetteville area has a large and growing defense industry and was ranked in the Top 5 Defense Industry Development areas in the United States for 2008, 2010, and 2011 by Expansion Solutions Magazine. Eight of the top ten American defense contractors are located in the area, including Lockheed Martin, Boeing, Northrop Grumman, General Dynamics, and L-3 Communications. The city hosts Partnership for Defense Initiatives (PDI), a non-profit organization that works with government, academia, and private industry to develop defense solutions. The PDI sponsors a research and development laboratory and a Defense Security Technology Accelerator (DSTA), a statewide program to assist new companies in developing their businesses and their technology services and products to the entire Department of Defense community. The city has received the All-America City Award from the National Civic League three times.

Property Taxes

Property Taxes

Parcel Number
021507 0152 04
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$680,997
  • Listing ID: 17791978

  • Date on Market: 11/22/2019

  • Last Updated:

  • Address: 2100 W Cumberland St, Dunn, NC 28334

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