3611 Raeford Rd - Freestanding FOR SALE


Fayetteville, NC 28304- Lake Francis/Drake Park
$7,347,000 USD
3611 Raeford Rd, Fayetteville, NC for Sale
$7,347,000 USD
Freestanding - FOR SALE
1/10
null | 4.75% Cap Rate

3611 Raeford Rd
Fayetteville, NC 28304
Lake Francis/Drake Park


HIGHLIGHTS

  • Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Absolute NNN Ground Lease | No State Income Tax | No Landlord Responsibilities | Land Ownership
  • Signalized Hard Corner Intersection | Excellent Visibility
  • Nearby National/Credit Tenants | High Traffic Intersection
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations • Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The ground lease features 10% rental increases every 5 years and at the beginning of each option period

FOR SALE DETAILS

PRICE

$7,347,000 USD

PRICE/SF

$1,215 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa | New 20yr Grd Lse | 2025 Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

Commercial

APN/PARCEL ID

0417-70-6770

ASK ABOUT THIS PROPERTY

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