806 Lillington Hwy - Showroom FOR SALE


Spring Lake, NC 28390- Pine Forest
$799,000 USD
910-988-4263
806 Lillington Hwy, Spring Lake, NC for Sale
$799,000 USD
Showroom - FOR SALE
1/5
null | 8.51% Cap Rate

806 Lillington Hwy
Spring Lake, NC 28390
Pine Forest


OVERVIEW

Grant-Murray Real Estate is pleased to present for investment sale 806 Lillington Hwy located in Spring Lake Submarket of Fayetteville. The property consists of a 9,400 square foot flex-building located on 0.57 acres and is currently leased (NNN) by National Barks Pet Resorts (“Pet Resorts”). Pet Resorts is soon entering its 2nd year of a three-year initial term subject to three (2-year) renewals. The monthly lease rate for the 2nd year is $5,665 (8.5% cap rate) and $5,834.95 (8.76% cap rate) for the 3rd year. The property is located in Spring Lake, NC, less than two miles away from Fort Liberty, the world's largest military base in terms of population. Combined, there are nearly 265,000 military personnel, civilian employees, retirees, and family members supported by Fort Bragg. The base generates approximately $9 billion into the local economy annually. As such, the base provides an excellent retail base for tenants. The property is also located a quarter mile from Walmart Supercenter and less than a mile from numerous restaurants and the Skyland Shopping Center, the center of retail in Spring Lake.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

8.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.57

LAND SF

24,829

ZONING

C3

APN/PARCEL ID

0501997387

ASK ABOUT THIS PROPERTY

Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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