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2881 Bridgewood Dr
Fayetteville, NC 28306
Quarles Fueling | Corp Abs NNN · Retail Property For Sale
Investment Highlights
- Corporate Signed Lease | Experienced Operator | Scheduled Rental Increases
- Airport Plaza | Fayetteville Regional Airport | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Quarles Fueling investment property located in Fayetteville, North Carolina. The tenant, GPM Empire, LLC recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
200 SF
Building Class
C
Year Built
1999
Price
$710,000
Price Per SF
$3,550
Cap Rate
6%
NOI
$42,573
Tenancy
Single
Building Height
1 Story
Lot Size
1.00 AC
Zoning
MP
Frontage
174’ on BRIDGEWOOD DR
Amenities
- Dedicated Turn Lane
- Signage
Property Taxes
| Parcel Number | 0435-14-5604 | Improvements Assessment | $149,613 |
| Land Assessment | $57,935 | Total Assessment | $207,548 |
Property Taxes
Parcel Number
0435-14-5604
Land Assessment
$57,935
Improvements Assessment
$149,613
Total Assessment
$207,548
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