216-234 W Cole Ave
Raeford, NC 28376
Raeford Hoke Village · Retail Property For Sale

A 73,530 SF grocery-anchored community shopping center with a mix of national and regional accredited tenants. A majority of the center has been occupied by the same 3 tenants since its development in the early 1980’s, demonstrating the intrinsic vitality of the real estate. Food Lion occupies 43% of the GLA and is the dominant grocer in the region with upward trending sales. This, combined with the fact that the grocer recently extended its lease for 10 years, further speaks to the location’s strength and longevity. Both Badcock and Cato extended leases during the pandemic showing long term commitment to the center. The subject property sits on 8.76 acres, and includes an approximately 0.58 acre undeveloped outparcel, allowing for further upside. Parking is ample with over 400 surface spaces. The center is unique in that it serves not only the general trade area, but the Fort Bragg Military Installation as well. Fort Bragg’s population stands at just over 67,700, made up of 53,700 troops and 14,000 civilians. The base supports a population of roughly 260,000, including military families, contractors, retirees, and others.