This property has sold.

Details: Retail

Asking Price: $1,623,683

Square Feet: 510 SF

Asking Cap Rate: 6.0%

Year Built: 2023

NOI: $97,421

Lease Structure: Absolute NNN

SOLD – 7 Brew – Fayetteville, NC

3307 Bragg Blvd, Fayetteville, NC 28303

•Absolute triple net lease (Zero Landlord Responsibilities)

Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend

•Annual rent escalations, providing Inflation Protection

•Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.

Excellent Trade Area adjacent to Food Lion, Dollar Tree, IGA, Northern Tool, CVS and more

Centrally located to several neighborhoods and multifamily developments

•2022 Population

•1 Mile – 6,781

•3 Mile – 62,231

•Fort Bragg, one of the Largest Military Bases In The World with over 68,000 military and civilian personnel located 3 miles away

•Bragg Blvd has strong traffic counts with 51,300 VPD

•Trade area Median HHI Projected To Grow 22% over the next 5 years

This property has sold.