RAEFORD ROAD CENTER

951-973 Strickland Bridge Rd, Fayetteville, NC 28314
$4,136,000

Cap Rate
6.65%
Price Per SF
$292
Leasable Area
14,164 SF
Property Type
Shopping Centers

INVESTMENT HIGHLIGHTS

  • Long Term Leases: No lease expirations before 2030.
  • Occupancy: 100% Tenant Occupancy, all with long terms leases in place.
  • Huge Drivers of Foot Traffic: The property is shadow anchored by Walmart Neighborhood Market and Starbucks (Top 75% Nationally Per Alpha Maps).
  • Newer Construction: Building was built in 2020 and has been kept in superb condition
  • Diverse Tenant Mix: Anytime Fitness, Vape City, Luxe Nail Spa & Lashes, China 1 Restaurant, Exclusive Hair Designs
  • Nearby Major Retailers: McDonalds, Target, Home Depot, Aldi, Food Lion, Walgreens, CVS… etc.
  • Large Service Pool: The property is located directly next door to Seventy- First Highschool which has +1,360 students and Seventy-First Classical Middle School which has +430 students. Dense Population Demos: +152,000 in a 5-mile radius.

Broker of Record

  • Kyle Matthews
  • License No. C38369 (NC)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203