The Collective

Retail-Commercial for Sale
Catylist Listing ID: 30798481
Property Subtypes: Mixed Use
Building Size (RSF): 8,200 SF
Gross Land Area: 3.03 Acres
Sale Price: $895,000
Unit Price: $109.15 PSF
Ceiling: 14 ft.
Property Use Type: Investment
Usable Size (USF): 8,200 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 5/19/2022

Overview / Comments

8200 sf income producing property with extra building pad. and16 roll up doors. Super location near entrance to Ft Bragg on a gateway route to Raleigh Area. 43,000 vehicle count, high visibility with right in right out access. Just north of The Fayetteville Military Business Park, home of the newly constructed 1 million sf Amazon Facility. This area is expanding and growing rapidly.
Currently used as a multi tenant facility focused on Fitness/Wellness
This property offers a 6% Cap Rate at present and could achieve an 8.8% cap rate!

Additional Details

Nearest MSA: Fayetteville
County: Harnett
Taxing Authority: CITY OF SPRING LAKE
Tax ID/APN: 0502-44-6435
Zoning: COMMERCIAL
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: NC HWY 87 AND RT 295 OUTER LOOP
Traffic/Vehicle Count: 43,000
Highway Access: HWY 87, 295 OUTER LOOP, RT I95
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,175 21,282 48,246
Median Age: 33.31 26.17 24.77
Households: 1,317 6,866 14,513

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