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

SOLD – 7 Brew – Spring Lake, NC

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.