This property has sold.
Details: Retail
Asking Price: $2,708,333
Square Feet: 510 SF
Asking Cap Rate: 6.0%
Year Built: 2023
NOI: $162,500
Lease Structure: Absolute NNN
200 S Bragg Blvd, Spring Lake, NC 28390
•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 Walmart, Walgreens, CVS, Advance Auto and more
•Centrally located to several neighborhoods and multifamily developments
•2022 Population
•3 Mile – 21,233
•5 Mile – 52,812
•Fort Bragg, one of the Largest Military Bases In The World with over 68,000 military and civilian personnel located 1 mile away
•Bragg Blvd has strong traffic counts with almost 47,000 VPD
•Access to signalized intersection of Lake Ave and S Bragg Blvd
This property has sold.