Summerhill Plaza Retail FOR SALE


Fayetteville, NC - Westover
$4,950,000 USD
910-527-3177
, Fayetteville, NC for Sale
$4,950,000 USD
Retail - FOR SALE
1/25
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Summerhill Plaza
Fayetteville, NC
Westover


OVERVIEW

This property is comprised of ±42,255 SF of retail space. There are a total of 16 tenants, mostly on short term leases. The current gross revenue is $35,494.50 per month or $425,934.00 per year. This equates to $10.08/SF on a gross lease basis which is considered to be well below market levels. The property has great visibility and access. Historical occupancy rates are close to 100% and many tenants have been there for decades. Site improvements include asphalt paving, concrete walks, fencing, pole signage, landscaping, numerous curb cuts, and generous parking. Public utilities. Total acreage is ±9.15.

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 Policy.