Retail Shopping Center Shadow
For Sale
Contact for pricing
2100 Skibo Road, Fayetteville, NC 28314
Fayetteville Commons is a retail shopping center positioned within a Target and Home Depot shadow retail corridor.
Property Size126,833 SF
Price / SF$168.73
Days on Market69
Property Features for 2100 Skibo Road
General Information
Standard status
Active
Size
126,833 SF
Class
A
Property subtype
Retail
Occupancy
99%
Net Operating Income
$1,551,221
Building Details
Year Built
2016
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Zachary Taylor · License #GA 266327
(678) 808-2780
Source:
Crexi
Added: Jun 30
Changed: Aug 25
Last Checked: Sep 2 at 7:12PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
Fayetteville Commons is a retail shopping center available for sale. The property is marketed as part of a prime retail corridor with nearby Target and Home Depot influences.
The asset is located at 2100 Skibo Road in Fayetteville, North Carolina (28314).
As presented in the offering materials, the center’s positioning is tied to its proximity to the Target/Home Depot shadow market environment along the corridor.
The asset is located at 2100 Skibo Road in Fayetteville, North Carolina (28314).
As presented in the offering materials, the center’s positioning is tied to its proximity to the Target/Home Depot shadow market environment along the corridor.
Key Highlights
- Year built: 2016
- Retail shopping center positioned within a Target/Home Depot shadow retail corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,433,492
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$28,669,840
$28.7M
Cap Rate 7%
$20,478,457
$20.5M
Cap Rate 9%
$15,927,689
$15.9M
Market Conditions
NOI Build-Up for 126,833 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$2.28M $18.00/SF
− Vacancy
−$235.1K −$1.85/SF
EGI
$2.05M $16.15/SF
− OpEx
−$614.4K −$4.84/SF
NOI
$1.43M $11.30/SF
Area
Fayetteville, NC
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$28,669,840
Cap Rate 7%
$20,478,457
Cap Rate 9%
$15,927,689
Alternative Uses
Best Use
Retail
$20.48M
$17.92M – $23.89M
NOI $1,433,492 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.80M
$24.32M – $32.43M
NOI $1,945,720 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
900k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 25%
Dining 20%
Apparel 18%
Superstores 17%
Target
Superstores
150,314 visits/mo
0.1 miles
Academy Sports + Outdoors
Apparel
62,729 visits/mo
0.1 miles
Best Buy
Electronics
59,148 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
54,151 visits/mo
0.0 miles
Hobby Lobby
Shops & Services
53,022 visits/mo
0.5 miles
Demographics for 28314, NC
54,271
Population
24,832
Households
2.2
Avg Household Size
33
Median Age
28%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
2,797
Density / Sq Mi
$60,036
Median Household Income
$38,047
Median Earnings
$1,197
Median Rent
$172,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Fayetteville Commons is a retail shopping center positioned within a Target and Home Depot shadow retail corridor.
Where is this shopping center located?
The property is located at 2100 Skibo Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $21,400,000.
What are key features of this property?
This property features: Year built: 2016; Retail shopping center positioned within a Target/Home Depot shadow retail corridor
