Retail Space - For Sale
1165 North Bragg Boulevard Spring Lake, NC 28390
Details & Description
Price: $9,000,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 14.300
  • Building Sq Ft 120,000
  • Building Price per Sq Ft $75.00
  • Land Sq Ft 622,908
  • Land Price per Sq Ft $14.45
Value add investment opportunity with Compare Foods and CVS anchored neighborhood shopping center located in Fayetteville, NC. The property is located just minutes from Fort Bragg, the largest military base with a population of 50,000+ active duty personnel. The center offers ample parking, a new roof, updated paint, and exterior lighting all installed in 2019. Additionally, the property contains excellent access and a competitive lease rate. With multiple new tenants, the vacancy rate has dropped from 31% to 13% in the last six months. Cap rate is currently at 7.09%.
Listing Agents
Will Blackwell
Linville Team Partners
O: 336-724-1715
will@ltpcommercial.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1165 North Bragg Boulevard

Spring Lake, NC 28390

Listing ID: 215151
$9,000,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 14.300
  • Building Sq Ft 120,000
  • Building Price per Sq Ft $75.00
  • Land Sq Ft 622,908
  • Land Price per Sq Ft $14.45
  • 1165 North Bragg Boulevard Spring Lake, NC 28390 | for Sale | Photo 1
  • 1165 North Bragg Boulevard Spring Lake, NC 28390 | for Sale | Photo 2
  • 1165 North Bragg Boulevard Spring Lake, NC 28390 | for Sale | Photo 3
1165 North Bragg Boulevard | for Sale | Thumbnail 1
1165 North Bragg Boulevard | for Sale | Thumbnail 2
1165 North Bragg Boulevard | for Sale | Thumbnail 3
Description

Value add investment opportunity with Compare Foods and CVS anchored neighborhood shopping center located in Fayetteville, NC. The property is located just minutes from Fort Bragg, the largest military base with a population of 50,000+ active duty personnel. The center offers ample parking, a new roof, updated paint, and exterior lighting all installed in 2019. Additionally, the property contains excellent access and a competitive lease rate. With multiple new tenants, the vacancy rate has dropped from 31% to 13% in the last six months. Cap rate is currently at 7.09%.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Fayetteville History of Retail Space for Sale

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Spring Lake Area Market Trends

Listing Demographics for 1165 North Bragg Boulevard Spring Lake, NC 28390

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,18020,92847,000
Population Median Age332726
Population by Age0-9 Yrs876 (16%)3737 (17%)8193 (17%)
10-19 Yrs581 (11%)2527 (12%)5943 (12%)
20-29 Yrs1430 (27%)7968 (38%)18929 (40%)
30-39 Yrs587 (11%)2520 (12%)5947 (12%)
40-49 Yrs454 (8%)1670 (7%)3312 (7%)
50-59 Yrs478 (9%)1142 (5%)2209 (4%)
60-69 Yrs439 (8%)802 (3%)1402 (2%)
70+ Yrs334 (6%)563 (2%)1065 (2%)
Median HH Income$39,260$39,788$42,347
Total Household Income< 24K629 (30%)1499 (22%)2757 (21%)
25-49K725 (34%)2718 (40%)4695 (37%)
50-74K389 (18%)1190 (17%)2452 (19%)
75-99K207 (9%)625 (9%)1313 (10%)
100-199K138 (6%)513 (7%)1248 (9%)
200K+6 (0%)114 (1%)212 (1%)
Highest Education LevelNo Diploma2936621281
Diploma or GED83025055021
Some College87031117197
Assoc. Degree31510892511
Bachelors Degree56617873539
Higher Degree2567751451
Total Housing Units2,4367,80514,841
--Owner-Occupied6301,3133,243
--Renter-Occupied1,4635,3469,434
Owner-Occupied Values< 100K3327891368
100-199K2944251141
200-299K262594
300-399K13092
400-499K0022
500K+1726
Total Working Age Population4,06016,08936,036
In Work Force2,54512,10828,232
Not In Work Force1,5153,9807,804
Workforce Employed1,5974,9699,925
Workforce Unemployed2516791,360
Civlian Workforce1,8485,64811,285
Military Workforce6976,46116,947
Total Households2,0946,65812,677
Family Households1,2444,3569,142
Non-Family Households8502,3023,535
Married Couple7903,2417,015
Other Family4541,1152,127
Married w/Child2881,7344,033
Single Male w/Child124171
Single Female w/Child2767221,352

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1110,630,691+1111,836,070
Cumberland County302,963+5319,431+4333,209+1335,069
Harnett County91,025+26114,678+20137,358+15158,563
Hoke County33,646+4046,952+1955,802+2066,691

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
1101 North Bragg Boulevard, Spring Lake, NC $750,000 4297 0.98
1320 North Bragg Boulevard, Spring Lake, NC $1,650,000 1999 7.25
844 Lillington Highway, Spring Lake, NC $525,000 2400 1.57
136 North Main Street, Spring Lake, NC $150,000 2588 -
200 South Bragg Boulevard, Spring Lake, NC $595,000 2221 0.7
211 Murchison Road, Spring Lake, NC $795,000 2613 1.12
1000 Honeycutt Road, Fayetteville, NC $849,000 1944 1.2
6216 Yadkin Road, Fayetteville, NC $1,200,000 14000 1.83
649 North Reilly Road, Fayetteville, NC $1,000,000 7150 1.38
549 Stacy Weaver Drive, Fayetteville, NC CALL 13000 -
Closest Commercial Airports
Airport Distance (mi)
Raleigh Durham International Airport (RDU) 49
Piedmont Triad International Airport (GSO) 83
Charlotte Douglas International Airport (CLT) 111
Listing Agent
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