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Office Warehouse

The Trades & Shoppes at Waterford

640 Shell Dr, Spring Lake, NC 28390

Listing Price: $3,819,000

Cap Rate
7.25%
Gross SF
21,600
Price/Gross SF
$176.81
Lot Size
3.25 acres
Year Built
2021
Rentable SF
21,600

Investment Overview

Marcus & Millichap is pleased to present a 2021 built flex industrial and retail property consisting of two buildings of 12,000 and 9,600 squa
feet. The property is located in Spring Lake NC (Fayetteville). Fayetteville metro is located approximately 60 miles south of Raleigh. The two
buildings are of metal construction with an attractive architectural brick facade for the retail building. The industrial building is fully leased to
four tenants. The retail building anchor tenant is Fit 4 Life with six of the eight suites. The Kings Billard and Grill occupies two suites. Each end
cap has drive throughs currently not utilized.
Located on Lillington Rd. (NC Hwy 210) with 17,000 vehicles per day at site. Pope Air Force Base is 2 miles southwest of site. Fort Liberty
(Bragg) is 5 miles to the south. Fort Liberty is the major driver of the metro's economy. The base has approximately 55,000 troops and employs
an additional 14,000 civilians. Manufacturing has a strong presence in Fayetteville. The Goodyear Tire and Rubber Co., Eaton Corporation and
Mann+Hummel Purolator Filters are a few of the many companies that account for the employment of thousands of workers. Amazon recently
opened a 1.3 million square foot distribution center on north I-295 loop. Property has several large apartment communities nearby and include
Waterford Apartments, The Cliffs at Waterford and The Brooks on Eleven66.

Investment Highlights

  • Newly built in 2021 Industrial & Retail Buildings
  • Metal construction with architectural brick facade for the retail building.
  • Strong population growth - 10.4% since 2000
  • Strong Traffic Counts of 17,000 vehicles per day
  • 12,000 sf flex industrial building w four 3,000 square suites. Each with offices and restrooms.
  • Four flex tenants are on NNN leases
  • Retail building 9,600 sf has eight suites with drive through on the two end spaces.
  • Five mile population of 132,559 expected by 2027.

Exclusively Listed By

Financing By

Office Warehouse

The Trades & Shoppes at Waterford

Listing Price: $3,819,000

Cap Rate
7.25%
Gross SF
21,600
Price/Gross SF
$176.81
Lot Size
3.25 acres
Year Built
2021
Rentable SF
21,600

Investment Highlights

  • Newly built in 2021 Industrial & Retail Buildings
  • Metal construction with architectural brick facade for the retail building.
  • Strong population growth - 10.4% since 2000
  • Strong Traffic Counts of 17,000 vehicles per day
  • 12,000 sf flex industrial building w four 3,000 square suites. Each with offices and restrooms.
  • Four flex tenants are on NNN leases
  • Retail building 9,600 sf has eight suites with drive through on the two end spaces.
  • Five mile population of 132,559 expected by 2027.

Investment Overview

Marcus & Millichap is pleased to present a 2021 built flex industrial and retail property consisting of two buildings of 12,000 and 9,600 squa feet. The property is located in Spring Lake NC (Fayetteville). Fayetteville metro is located approximately 60 miles south of Raleigh. The two buildings are of metal construction with an attractive architectural brick facade for the retail building. The industrial building is fully leased to four tenants. The retail building anchor tenant is Fit 4 Life with six of the eight suites. The Kings Billard and Grill occupies two suites. Each end cap has drive throughs currently not utilized. Located on Lillington Rd. (NC Hwy 210) with 17,000 vehicles per day at site. Pope Air Force Base is 2 miles southwest of site. Fort Liberty (Bragg) is 5 miles to the south. Fort Liberty is the major driver of the metro's economy. The base has approximately 55,000 troops and employs an additional 14,000 civilians. Manufacturing has a strong presence in Fayetteville. The Goodyear Tire and Rubber Co., Eaton Corporation and Mann+Hummel Purolator Filters are a few of the many companies that account for the employment of thousands of workers. Amazon recently opened a 1.3 million square foot distribution center on north I-295 loop. Property has several large apartment communities nearby and include Waterford Apartments, The Cliffs at Waterford and The Brooks on Eleven66.

Exclusively Listed By

Financing By

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