Property Listing No Longer Available for Sale

521 McPherson Church Road, Fayetteville, NC

Retail for Sale - $8,643,600 - 19,728 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#537512
Location
  521 McPherson Church Road
  Fayetteville NC 28303
UpdatedJune 10th, 2013
TypeRetail
Price$8,643,600
Building19,728 Sq. Ft.
Land49299.44 acres

Property Description

Strong net leased investment property available in a growing Southeastern market, Fayetteville North Carolina. This property is single tenant net leased by CarMax, (NYSE: CMX) and there are 7 years remaining on their initial 15 year lease. CarMax has four 5 year options, each with 5% annual increase during the option period. This property will bring an investor a very solid return at the offering price reflecting an 8.75% cap rate.

Location Description:

Highly visible location at the intersection of N. McPherson Church Road and Sycamore Dairy Road in a dense retail area. The property is almost equal distance from downtown Fayetteville and Fort Bragg, allowing it to draw from customers easily from the heart of town and from the military base, one of the largest on the east coast.

The Fayetteville market continues to experience rapid growth as a result of the Base Re-alignment (or BRAC) as troops, their families and related businesses relocate to Fort Bragg.

Highlights:

>> Net Leased Investment Property

>> CarMax, 7 years remaining on lease

>> 8.50% Cap Rate

>> Growing southeastern military market

* Email for additional photos