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Shopping Regional

Showroom Square

4101 Raeford Rd, Fayetteville, NC 28304

Listing Price: $12,305,000

Cap Rate
8.00%
Gross SF
93,348
Rentable SF
88,434
Price/Gross SF
$131.82
Lot Size
5.59 acres
Year Built
1975

Investment Overview

Showroom Square, a 16 suite, multi-tenant property in Fayetteville, North Carolina. The property is comprised of two buildings, totaling 87,520 square feet of leasable space on Raeford Road (42,000 VPD), one of Fayetteville's primary retail corridors. Currently 88.4% occupied by a strong mix of tenants. Showroom Square represents an excellent opportunity for investors to acquire commercial real estate in the rapidly growing Fayetteville market. The ?rst building of Showroom Square was built in 1971, but underwent an extensive renovation in 2008, which included a new brick/stucco frontage, new roof, new wet sprinkler system, and new HVAC. The second building was also built in 2008. The building is of metal construction on 5.59 acres. It is well maintained with grass medians and attractive frontage with awnings. The property features a strong mix of national and local retail tenants, but includes the US Army Rehabilitation Center, AmeriHealth Caritas, ChenCare Urgent Care and an industrial electrical distributor, State Electric, at the rear of the property. New national Urgent Care tenant for 10 years with 2.1% annual rent increases. This asset is well positioned on a signalized hard corner of Raeford Road, just 6 miles south of Fort Bragg, the nation's largest military base, and Pope Air Force Base, which currently employ approximately 50,000 military and 10,000 civilian personnel, has let to population growth over 15% since the year 2000. Showroom Square represents an excellent opportunity to acquire a prom

Investment Highlights

  • New Urgent Care Tenant with 10 Year Lease with 2% Annual Increases
  • National & Local Tenant Mix - Retail, Medial, Industrial
  • National Medical Tenants Make Up 27.5% of the Center
  • Busy Retail Corridor with 42,000 Vehicles per Day
  • Corner Location at Signalize Intersection

Exclusively Listed By

Shopping Regional

Showroom Square

Listing Price: $12,305,000

Cap Rate
8.00%
Gross SF
93,348
Rentable SF
88,434
Price/Gross SF
$131.82
Lot Size
5.59 acres
Year Built
1975

Investment Highlights

  • New Urgent Care Tenant with 10 Year Lease with 2% Annual Increases
  • National & Local Tenant Mix - Retail, Medial, Industrial
  • National Medical Tenants Make Up 27.5% of the Center
  • Busy Retail Corridor with 42,000 Vehicles per Day
  • Corner Location at Signalize Intersection

Investment Overview

Showroom Square, a 16 suite, multi-tenant property in Fayetteville, North Carolina. The property is comprised of two buildings, totaling 87,520 square feet of leasable space on Raeford Road (42,000 VPD), one of Fayetteville's primary retail corridors. Currently 88.4% occupied by a strong mix of tenants. Showroom Square represents an excellent opportunity for investors to acquire commercial real estate in the rapidly growing Fayetteville market. The ?rst building of Showroom Square was built in 1971, but underwent an extensive renovation in 2008, which included a new brick/stucco frontage, new roof, new wet sprinkler system, and new HVAC. The second building was also built in 2008. The building is of metal construction on 5.59 acres. It is well maintained with grass medians and attractive frontage with awnings. The property features a strong mix of national and local retail tenants, but includes the US Army Rehabilitation Center, AmeriHealth Caritas, ChenCare Urgent Care and an industrial electrical distributor, State Electric, at the rear of the property. New national Urgent Care tenant for 10 years with 2.1% annual rent increases. This asset is well positioned on a signalized hard corner of Raeford Road, just 6 miles south of Fort Bragg, the nation's largest military base, and Pope Air Force Base, which currently employ approximately 50,000 military and 10,000 civilian personnel, has let to population growth over 15% since the year 2000. Showroom Square represents an excellent opportunity to acquire a prom

Exclusively Listed By

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