3725-3865 Ramsey St - Freestanding FOR SALE


Fayetteville, NC 28311
$17,950,000 USD
415-274-7394
3725-3865 Ramsey St, Fayetteville, NC for Sale
$17,950,000 USD
Freestanding - FOR SALE
1/4
null | 7.75% Cap Rate

3725-3865 Ramsey St
Fayetteville, NC 28311


HIGHLIGHTS

  • Northgate Shopping Center had 2.3 million visits in the last 12 months per Placer.ai
  • Ramsey Street (44,090 VPD) is 2 miles from Interstate 295, spanning the City of Fayetteville and a connector to Interstate 95
  • Strong national and regional daily-needs tenants include Ross, Ollie’s Bargain Outlet, Rent-A-Center, Wells Fargo, UPS, Subway, Papa John’s, CrossFit
  • Desirable outparcel tenancy: Advanced Auto Parts and Hobby Town. The center is supported by outparcel tenants that are not part of the subject propert
  • Fort Liberty’s base-supported population of 251,646 has a massive economic impact on the Fayetteville region totaling $8.1 billion dollars annually
  • 243,894 people live within a 10-mile radius of the shopping center

OVERVIEW

A highly established, value-play acquisition opportunity on a major retail corridor in a high-growth, mission-critical military town, priced well below replacement cost. Northgate Shopping Center is a bustling, highly established retail venue on high-traffic Ramsey Street in Fayetteville. It’s adjacent to a top 5% Lowe’s Home Improvement, near Walmart Supercenter at a signalized intersection with multiple points of ingress/egress. Fort Liberty (formerly Ft. Bragg) has a $66 billion statewide economic impact with a 251,646 base supported population.

FOR SALE DETAILS

PRICE

$17,950,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northgate Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

263

LAND DETAILS

LAND ACRES

29.41 AC

LAND SF

1,281,100 SF

ZONING

CC

APN/PARCEL ID

0439-55-4489

ASK ABOUT THIS PROPERTY

Joseph CaccamoCP Partners CREMore Info
415-274-7394

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Joseph CaccamoCP Partners CREMore Info
415-274-7394

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