1,200 SF to 3,980 SF Retail Units For Lease Montibello Shopping Center

Shopping Center for Lease
Catylist Listing ID: 29982912
Property Subtypes: Community Center, Grocery-Anchored, Mixed Use, Neighborhood Center, Strip Center
Contiguous Space: 1,200 - 3,980 SF
Total Available: 6,980 SF
Building Size (RSF): 52,796 SF
Lease Rate: $12 - 14 PSF (Annual)
Base Monthly Rent: $1,400 - 3,980
Lease Types: Modified Gross
Building Name: Montibello Shopping Center
Usable Size (USF): 52,796 SF
Last Updated: 6/22/2018

Overview / Comments

Montibello Shopping Center is located in South Western Fayetteville. This center is anchored by Food Lion and contains three opportunities for lease.

The remaining units are 1,800 +/- SF, 3,980 +/- SF, and 1,200 +/- SF.

Lease Rate: $12 - $14 per SF + $2.58 TICAM

This center sits in a growing area of Fayetteville, population growth of 8.36% is projected for the area surrounding this center. Current population in 3 miles is 57,602 people and the average income is $57,631.00.

Several new residential and multi-family developments have been completed in the area, increasing the amount of daily foot-traffic at this center.

Current tenants have been in place for several years with much success.

Located at the intersection of Cliffdale and Rim Rd, this property helps in creating a hub for commercial traffic in the area as smaller non-anchored centers surround this facility.

Expand All 3 Spaces Available

Suite: 5 1,800 SF $13 PSF (Annual) Modified Gross
Suite: 6 1,200 SF $14 PSF (Annual) Modified Gross
Suite: 11 3,980 SF $12 PSF (Annual) Modified Gross

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Tax ID/APN: 9487-56-9158
Zoning: CP
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Cliffdale Rd. and Rim Rd.
Property Visibility: Excellent
Largest Nearby Street: Cliffdale Rd.
Traffic/Vehicle Count: 15,100
Site Description: The site offers various sized units for lease as well as out-parcels that may be purchased for development
Area Description: This area of Fayetteville is in a post-recession resurgence as new development and re-development take place.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1987
Roof Type: Flat
Construction/Siding: Brick, Concrete
Exterior Description: As cities across the country work to eliminate the road-facing storefront, this property continues to allow that desired level of visibility
Parking Ratio: 5.9 (per 1000 SF)
Parking Type: Surface
Parking Description: The subject parking area contains 310 parking spaces of which 6 are van accessible handicap spaces.
Total Parking Spaces: 310
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Each unit is 2nd generation space, but can be reconfigured to fit any use.
Lot Depth: 257.18
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,576 50,638 119,708
Median Age: 28.92 30.03 30.62
Households: 4,077 19,071 45,054
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