2860 Hope Mills Rd - Restaurant FOR SALE


Fayetteville, NC 28306- South View
$3,304,348 USD
310-750-7175
2860 Hope Mills Rd, Fayetteville, NC for Sale
$3,304,348 USD
Restaurant - FOR SALE
1/4
null | 5.75% Cap Rate

2860 Hope Mills Rd
Fayetteville, NC 28306
South View


HIGHLIGHTS

  • New 20-Year Absolute NNN Lease; Brand-New Construction Completed 2024
  • Prime Retail Corridor: Situated on Hope Mills Rd (Hwy 59) the city’s primary north-south corridor
  • The property benefits from strong traffic volumes on Hope Mills Rd, with nearby intersections such as Hope Mills Rd & Elwood Dr N carrying 91,702 VPD
  • Adjacent to multiple new developments including Discount Tire, Advance Auto, Fit 4 Life Gym
  • Proximity to Major Retailers: Walmart, Lowe’s and Food Lion less than 1 mile south
  • HCI Hospitality: 41-unit Freddy’s franchisee with presence in 7 states; Established brand: Freddy’s boasts 550 locations across 36 states

OVERVIEW

Freddy’s Fayetteville, North Carolina – This offering features a brand-new 20-year Absolute NNN lease, providing a secure and long-term investment opportunity. The property is strategically located along Hope Mills Road (Highway 59), the primary north-south retail corridor in the area, ensuring excellent visibility and consistent traffic flow. Completed in 2024, the building boasts modern construction and high-quality finishes. Positioned adjacent to a newly built Discount Tire, the site benefits from strong co-tenancy and growing retail synergy in a rapidly developing commercial hub.

FOR SALE DETAILS

PRICE

$3,304,348 USD

PRICE/SF

$1,322 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Freddy's Frozen Custard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

Commercial

APN/PARCEL ID

0405-91-7536

ASK ABOUT THIS PROPERTY

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

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Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.