1509 Skibo Rd
Fayetteville, NC
Price:
$7438000
Cap Rate:
6.75%
NOI:
$502,050
Building Size:
Approx. 17987 Sq. Ft.
Lot Size:
Approx. 2.89 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Investment Overview
- 2016 Renovation | 17,987+/- SF Building on 2.89+/- Acre Site
- New 15-Year, Corp NNN Lease w/ 10% Rent Bump Every 5-Yrs
- Located along Skibo Rd (29,739 VPD), just NE of All American Expy (48,000 VPD)
- Near Walmart, Sam’s, Lowes, Pier1, Great Clips, Chipotle, Panera, McDonald’s, & Sonic
- Area Attractions: Airborne & Special Operations Museum | Cape Fear Botanical Garden | Veterans Park
- 2-Miles NE of Cross Creek Mall (1,000,000+ SF) | 8-Miles SE of Fort Bragg (50,000 Active Duty Personnel)
- Major Employers: Fort Bragg, Cumberland County Schools, Goodyear, Tire Company, Cape Fear Valley Health System
- Fayetteville is located approx. 1-hour S of downtown Raleigh, NC | 3-Mile Average Household Income: $58,748