Summerhill Plaza - IMPROVED PRICE Retail FOR SALE


Fayetteville, NC - Westover
$4,445,000 USD
910-527-3177
, Fayetteville, NC for Sale
$4,445,000 USD
Retail - FOR SALE
1/22
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Summerhill Plaza - IMPROVED PRICE
Fayetteville, NC
Westover


HIGHLIGHTS

  • Prime location on Yadkin Road with 18,500 VPD exposure
  • ±9.15-acre site with generous parking and multiple access points
  • 16 tenants with historical occupancy near 100%
  • Current rents significantly below market, offering upside potential
  • Surrounded by national brands and high-traffic retail corridor

OVERVIEW

This property is comprised of ±42,255 SF of retail space, plus an additional ±3.8-acre vacant commercial tract. With 16-tenants, this property serves as a stable income producing asset while offering significant value-add potential through the development of the vacant tract. The CAP Rate is 9.09 %. Gross Annual Revenues of $471,527.52 (or 11.16/ SF Gross Rent). The property has great visibility and access. Historical occupancy rates are close to 100% and many tenants have been there for decades. The property boasts excellent visibility and access, enhanced by multiple curb cuts, generous parking, and prominent pole signage. Site improvements include asphalt paving, concrete walkways, and professional landscaping, ensuring a well-maintained environment for tenants and customers alike. Located near major thoroughfares such as All American Freeway and Santa Fe Road, the center benefits from traffic counts exceeding 18,500 VPD on Yadkin Road and 53,500 VPD nearby, driving consistent consumer activity. Surrounding national retailers and quick-service restaurants further amplify the location’s appeal.

ASK ABOUT THIS PROPERTY

Michael PaschalFranklin Johnson Commercial Real EstateMore Info
910-527-3177

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Michael PaschalFranklin Johnson Commercial Real EstateMore Info
910-527-3177

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