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Bunn Crossing 23 NC-98 Hwy 11,536 SF 100% Leased Retail Building Bunn, NC 27508 $3,718,000 ($322.30/SF) 6.82% Cap Rate

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Investment Highlights

  • Fully stabilized retail asset featuring six local and regional tenants, each with term through at least 2028.
  • Shadow anchored by a strong performing Food Lion, which according to Placer. ai., is ranked in the 74th percentile of all Food Lion’s nationwide.
  • Bunn has seen a record 307% population increase from 2000-2022 and is the 8th fastest growing city in NC.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,536 SF
Building Class
C
Year Built
2009
Price
$3,718,000
Price Per SF
$322.30
Cap Rate
6.82%
NOI
$253,487
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.58 AC
Zoning
C-3 - Commercial
Parking
78 Spaces (6.76 Spaces per 1,000 SF Leased)
Frontage
96’ on Main St

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Bunn Dental
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Fiesta Mexicana
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Levy's Soul Food
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Magnolia Coffee Shop
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Papa Johns International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA®. Papa Johns believes that using high-quality ingredients leads to superior quality-pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with approximately 6,000 restaurants in approximately 50 countries and territories.

  • Tobacco and Vape
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Bunn Dental Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Fiesta Mexicana - - $9.99 Lorem Ipsum Jan 0000
Levy's Soul Food - - $9.99 Lorem Ipsum Jan 0000
Magnolia Coffee Shop Retailer - - Lorem Ipsum Jan 0000
Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000
Tobacco and Vape Retailer - - Lorem Ipsum Jan 0000

Nearby Major Retailers

Food Lion
First Citizens Bank

Property Taxes

Property Taxes

Parcel Number
036146
Land Assessment
$825,900
Improvements Assessment
$1,181,420
Total Assessment
$2,007,320
  • Listing ID: 36660458

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 23 NC-98 Hwy, Bunn, NC 27508

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