Retail Space
1165 North Bragg Boulevard Spring Lake, NC 28390
Details & Description
Price: $9,000,000
    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
    • 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
    Building Size: 120,000 SF
    Lot Size: 14.300 AC
    Land Size: 622,908 SF
    Building $/SF: $75.00
    Land $/SF: $14.45
    Price
    $9,000,000
    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:

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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.

    Common Questions and Answers

    What is the asking price for 1165 North Bragg Boulevard in Spring Lake?
    The asking price for 1165 North Bragg Boulevard is $9,000,000
    What is the building size of this Retail property in Spring Lake, NC?
    The size of the building/unit at 1165 North Bragg Boulevard in Spring Lake is 120,000 square feet
    How much land does the Spring Lake, NC property at 1165 North Bragg Boulevard include?
    1165 North Bragg Boulevard in Spring Lake includes 14.300 acres of land
    What kind of Retail is the propery at 1165 North Bragg Boulevard?
    The property at 1165 North Bragg Boulevard Spring Lake, NC 28390 is listed as a Shopping Center Retail property
    What is the population within 1 mile of 1165 North Bragg Boulevard in Spring Lake?
    The population within 1 mile of 1165 North Bragg Boulevard Spring Lake, NC 28390 is 5,180 people.
    Who do I contact for questions about 1165 North Bragg Boulevard?
    You should contact the listing agent, Will Blackwell, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Raleigh Durham International Airport (RDU) 49
    Piedmont Triad International Airport (GSO) 83
    Charlotte Douglas International Airport (CLT) 111