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Shopping Strip

Elmwood Center

5109 Raeford Rd, Fayetteville, NC 28304

Listing Price: $3,760,000

Cap Rate
8.21%
Gross SF
21,600
Rentable SF
21,600
Price/Gross SF
$174.07
Lot Size
1.47 acres
Year Built
1962

Investment Overview

Marcus & Millichap is pleased to present the opportunity for investors to acquire a $21,600 square foot retail center located on Raeford Road, Fayetteville NC. The property is 83% occupied with the seller providing a two year master lease on the two 1,800 square foot vacant suites. The tenants are Domino's Pizza, Rug Gallery, Blinds Plus, I-Mobile, Vape Shop and Best Nails. Nearby merchants include Aldi, Target, Home Goods, Walgreens, McDonalds, Popeyes, Zaxby's, and Starbucks. The building was constructed in 1962 but renovated in 2007 and sits on 1.47 acres that has easy access and high visibility. The property is located on Raeford Road which is the major east west corridor from I495 loop and downtown. The property is 6 miles south of Fort Bragg, the largest military base in the country. The US VA Medical Center & Hospital, a 259,000 square foot medical facility built in 2016, is located 2 miles to the west of subject site.

Investment Highlights

  • Located on Raeford Road with signi?cant traf?c counts is the major east west corridor from I-295 Loop to downtown
  • Consists of a 21,600 square foot building on 1.47 acres. Built in 1962 but renovated in 2007.
  • Two miles east of the 259,000 square foot US VA Medical Center & Hospital
  • Six miles south of Fort Bragg, the largest military base in the US hosting 55,000 military personnel.
  • Located 64 miles south of Raleigh. Considered part of the Research Triangle but on out skirts of the Raleigh Durham Chapel Hill MSA.
  • Recent nearby land purchases have set record high prices for the Fayetteville

Exclusively Listed By

Shopping Strip

Elmwood Center

Listing Price: $3,760,000

Cap Rate
8.21%
Gross SF
21,600
Rentable SF
21,600
Price/Gross SF
$174.07
Lot Size
1.47 acres
Year Built
1962

Investment Highlights

  • Located on Raeford Road with signi?cant traf?c counts is the major east west corridor from I-295 Loop to downtown
  • Consists of a 21,600 square foot building on 1.47 acres. Built in 1962 but renovated in 2007.
  • Two miles east of the 259,000 square foot US VA Medical Center & Hospital
  • Six miles south of Fort Bragg, the largest military base in the US hosting 55,000 military personnel.
  • Located 64 miles south of Raleigh. Considered part of the Research Triangle but on out skirts of the Raleigh Durham Chapel Hill MSA.
  • Recent nearby land purchases have set record high prices for the Fayetteville

Investment Overview

Marcus & Millichap is pleased to present the opportunity for investors to acquire a $21,600 square foot retail center located on Raeford Road, Fayetteville NC. The property is 83% occupied with the seller providing a two year master lease on the two 1,800 square foot vacant suites. The tenants are Domino's Pizza, Rug Gallery, Blinds Plus, I-Mobile, Vape Shop and Best Nails. Nearby merchants include Aldi, Target, Home Goods, Walgreens, McDonalds, Popeyes, Zaxby's, and Starbucks. The building was constructed in 1962 but renovated in 2007 and sits on 1.47 acres that has easy access and high visibility. The property is located on Raeford Road which is the major east west corridor from I495 loop and downtown. The property is 6 miles south of Fort Bragg, the largest military base in the country. The US VA Medical Center & Hospital, a 259,000 square foot medical facility built in 2016, is located 2 miles to the west of subject site.

Exclusively Listed By

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