Shopping Center with Pylon
For Sale
Contact for pricing
1060 Lillington Highway, Spring Lake, NC 28390
The property fronts Lillington Highway (NC 210) at a signalized intersection in Spring Lake.
Property Size30,481 SF
Price / SF$0.29
Days on Market41
Property Features for 1060 Lillington Highway
General Information
Standard status
Active
Size
30,481 SF
Property subtype
Office
Additional Details
Pylon Signage
Yes
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed By:
DENO HONDROS · License #174672
(910) 802-0076
Source:
Heywardrealty
Added: Sep 22
Changed: Nov 1
Last Checked: Nov 1 at 1:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Cedarwood Shopping Center is a retail property at 1060 Lillington Highway in Spring Lake, North Carolina. Road-front signage includes a pylon sign, and the center sits at a signalized intersection.
The property is on NC 210, just north of the NC 87 split. Fort Bragg is less than five minutes away.
The property is on NC 210, just north of the NC 87 split. Fort Bragg is less than five minutes away.
Key Highlights
- Road‑front pylon sign
- At a signalized intersection
- Fronts Lillington Highway (NC 210), north of the NC 87 split
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$297,417
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,948,340
$5.9M
Cap Rate 7%
$4,248,814
$4.2M
Cap Rate 9%
$3,304,633
$3.3M
Market Conditions
NOI Build-Up for 30,481 SF
Gross rent
$438.9K $14.40/SF
− Vacancy
−$14.0K −$0.46/SF
EGI
$424.9K $13.94/SF
− OpEx
−$127.5K −$4.18/SF
NOI
$297.4K $9.76/SF
Area
Cumberland County, NC
Vacancy
3.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,948,340
Cap Rate 7%
$4,248,814
Cap Rate 9%
$3,304,633
Alternative Uses
Best Use
Retail
$4.25M
$3.72M – $4.96M
NOI $297,417 @ 7.0% cap · market cap 3,310.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.28M
$6.37M – $8.50M
NOI $509,857 @ 7.0% cap · market cap 5,674.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
107k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 65%
Shops & Services 24%
Electronics 7%
Apparel 4%
Walmart
Superstores
69,333 visits/mo
0.5 miles
Murphy USA
Shops & Services
13,136 visits/mo
0.5 miles
Dollar Tree
Shops & Services
12,511 visits/mo
0.4 miles
Cato
Apparel
4,768 visits/mo
0.5 miles
Cricket Wireless Authorized Retailer
Electronics
3,053 visits/mo
0.5 miles
Demographics for 28390, NC
23,799
Population
10,204
Households
2.3
Avg Household Size
31
Median Age
28%
College-Educated
93%
High-School Grad
60.2 sq mi
ZIP Area
395
Density / Sq Mi
$58,750
Median Household Income
$36,678
Median Earnings
$1,151
Median Rent
$195,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Spring Lake Town Center — 630 Lillington Hwy, Spring Lake, NC 28390
Frequently Asked Questions
What type of property is this?
Shopping center - The property fronts Lillington Highway (NC 210) at a signalized intersection in Spring Lake.
Where is this shopping center located?
The property is located at 1060 Lillington Highway Spring Lake, NC.
What are key features of this property?
This property features: Road‑front pylon sign; At a signalized intersection; Fronts Lillington Highway (NC 210), north of the NC 87 split
