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7707-7711 S Raeford Rd 45,009 SF 100% Leased Retail Building Fayetteville, NC 28304 $15,000,000 ($333.27/SF) 6.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Very busy center shadow-anchored by Super Walmart.
- Fayetteville is seat of Cumberland County and home of Fort Bragg.
- Solid demographics with positive trends in the fast-growing market of Fayetteville.
EXECUTIVE SUMMARY
ONE STORY BUILDING - 22 STORES. 100% OCCUPIED (as of 11/25/24)
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,102,004
|
$24.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,102,004
|
$24.48
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$158,146
|
$3.51
|
| Net Operating Income |
$943,858
|
$20.97
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,102,004 |
| Annual Per SF | $24.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,102,004 |
| Annual Per SF | $24.48 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $158,146 |
| Annual Per SF | $3.51 |
| Net Operating Income | |
|---|---|
| Annual | $943,858 |
| Annual Per SF | $20.97 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
45,009 SF
Building Class
B
Year Built
2002
Price
$15,000,000
Price Per SF
$333.27
Cap Rate
6.29%
NOI
$943,858
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
8 Exterior
Building FAR
0.15
Lot Size
6.71 AC
Zoning
CC - Commercial
Parking
366 Spaces (9.05 Spaces per 1,000 SF Leased)
Frontage
301’ on S Raeford Rd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
ABOUT 7707-7711 S RAEFORD RD , FAYETTEVILLE, NC 28304
Well-positioned regional center shadow-anchored by Super Walmart. Solid national tenant mix including Dollar Tree, Shoe Show, Cato Fashions, and Rue 21. Great access and visibility. Built in 2002.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cato
- -
- 4,160 SF
- -
- -
- China Wok Buffet
- -
- 4,800 SF
- -
- -
- Mi Casita Mexican Restaurant
- -
- 6,000 SF
- -
- -
- RUE21
- Retailer
- 4,000 SF
- -
- -
- Shoe Show
- -
- 4,250 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cato | - | 4,160 SF | - | - | ||
| China Wok Buffet | - | 4,800 SF | - | - | ||
| Mi Casita Mexican Restaurant | - | 6,000 SF | - | - | ||
| RUE21 | Retailer | 4,000 SF | - | - | ||
| Shoe Show | - | 4,250 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9486-34-6480 | Improvements Assessment | $3,549,476 (2024) |
| Land Assessment | $1,486,107 (2024) | Total Assessment | $5,035,583 (2024) |
PROPERTY TAXES
Parcel Number
9486-34-6480
Land Assessment
$1,486,107 (2024)
Improvements Assessment
$3,549,476 (2024)
Total Assessment
$5,035,583 (2024)
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7707-7711 S Raeford Rd
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