3482 Cumberland rd - Retail FOR SALE


Fayetteville, NC 28306- South View
$2,375,000 USD
980-498-3293
3482 Cumberland rd, Fayetteville, NC for Sale
$2,375,000 USD
Retail - FOR SALE
1/4
null | 6.5% Cap Rate

3482 Cumberland rd
Fayetteville, NC 28306
South View


HIGHLIGHTS

  • RECENT INVESTMENT IN FAYETTEVILLE, NC
  • FORT BRAGG AND OTHER LARGE EMPLOYERS NEARBY
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Absolute NNN lease providing zero landlord responsibilities - 5% rental increases in year 6 & 11 and in option periods, providing a strong inflation hedge STRONG CORPORATE GUARANTY - Dollar General was ranked #91 on the Fortune 500 2021 list - Over 19K locations in 46 states - 75% of Americans live within 5 minutes of a Dollar General NEW CONSTRUCTION - Delivered to Dollar General’s current prototype - Demolition of obsolete structures and site work improvements - Dollar General Warranties will transfer to new owner LOCATED IN A DENSE RETAIL NODE - Located within a 1-mile radius of the site is more than 453K SF of retail space - Nearby national retailers include: Walmart Neighborhood Market, Walmart Supercenter, Lowe’s Home Improvement, and more FORT BRAGG AND OTHER LARGE EMPLOYERS NEARBY - Fort Bragg is the largest US Army installation by population (43,400 active duty, 11,000 DoD civilians, 5,400 Contractors) with an annual economic impact of $8.8B in the region - The Fort Bragg Campus spans over 251 square miles over four counties - Flagship Cape Fear Valley Medical Center (7,000 employees) RECENT INVESTMENT IN FAYETTEVILLE, NC - American Titanium Metal LLC is investing $870 Million dollars into a new facility to make aerospace-grade titanium - This plant will add more than 815 jobs to the greater Fayetteville area and have a huge economic impact

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

0416-90-9485

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.