Investment Overview

Marcus & Millichap is pleased to present a 15,400 square foot retail center on Owen Dr., Fayetteville NC. The building was constructed in 2000 on 1.1 acres. Several improvements have been completed recently, includes building exterior painted and sealed & stripe the parking areas. Roof is in excellent condition. Rotech Health Care, a national medical services company with 300 locations, is the anchor tenant with 4,200 square feet. Other tenants include Boost Mobile, Metro PCC a financial service company, Crystal Nails, H&R Block, Mexican Grocery, Mama's African Braids. The center is 100% occupied. 64% of the center is occupied by national brand tenants with either corporate or franchise/licensee guaranteed leases. Property is located on Owen Dr. with a vehicles per day count of 37,500 (2021). Owen Dr. is a 6 lane road with a center turn lane. The property has easy access with two way entrance/exits. One located at the mid point of the center and the other from the adjacent Taco Bell parcel. The property is highly visible and enhanced with a large pylon sign. The center is 1.3 miles from Cape Fear Medical Hospital and a half mile from Interstate Bus 95. Fort Liberty, formerly Fort Bragg, is the major employment generator with the 55,000 troops and 12,000 contactors employed on base. The defense industry is the major economic driver. Companies include Lockheed Martin, Boeing, General Dynamaics, and Northrup Grumman.