1165 North Bragg Boulevard

Spring Lake, NC 28390

Listing ID: 215151
$9,000,000
For Sale
  • Property Type Retail : 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 - main image
1165 North Bragg Boulevard - alt image 2
1165 North Bragg Boulevard - alt image 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
Listing Demographics

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

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.

Listing Location & Map Views
Listing Agent
Will Blackwell Agent Photo

Will Blackwell

Linville Team Partners
More listings from Will Blackwell
Featured Local Vendors

Title Company
Your Ad Here
Your company could be listed here
Click for more info!
Insurance Agency
Your Ad Here
Your company could be listed here
Click for more info!
Environmental Studies
Your Ad Here
Your company could be listed here
Click for more info!
HVAC Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Mold Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Roofing Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Private Lending
Your Ad Here
Your company could be listed here
Click for more info!
Real Estate Attorney
Your Ad Here
Your company could be listed here
Click for more info!
Electrical Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Property Management
Your Ad Here
Your company could be listed here
Click for more info!
Plumbing Contractor
Your Ad Here
Your company could be listed here
Click for more info!
Property Inspection
Your Ad Here
Your company could be listed here
Click for more info!