Shopping Center Along Retail
For Sale
$9,161,000
3041 Boone Trail, Fayetteville, NC 28306
Multi-parcel retail center with access to established residential and national retail demand drivers.
Property Size67,445 SF
Days on Market186
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Property Features for 3041 Boone Trail
General Information
Standard status
Active
Size
67,445 SF
Property subtype
Retail
Site & Location
Traffic Count
55,381 vehicles/day
Road Access
Yes
Building Details
Building Size
67,445 SF
Listing Agency:
CP Partners
Listed By:
Joe Caccamo · License #CalDRE #01191110
(415) 274-7394
Source:
Cppcre
Added: Apr 13
Changed: Oct 6
Last Checked: Oct 14 at 9:26PM
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 CP Partners
Investment Insights
Based on property information with market context.
Boone Trail Center is a shopping center comprising 3 separate parcels across more than 11 acres. The property occupies the Boone Trail and Owen Drive corridor in Fayetteville, with convenient ingress and egress and a retail setting that includes established residential neighborhoods and national retailers.
Combined traffic on Boone Trail and Owen Drive is reported at 55,381 VPD. Fort Bragg is approximately 10 miles from the property and is identified as a major regional economic driver. The surrounding 10-mile area has an approximate population of 314,839 residents. Additional area activity includes an Amazon fulfillment center that opened in summer 2024 and a recently announced $867 million aerospace manufacturing plant.
Combined traffic on Boone Trail and Owen Drive is reported at 55,381 VPD. Fort Bragg is approximately 10 miles from the property and is identified as a major regional economic driver. The surrounding 10-mile area has an approximate population of 314,839 residents. Additional area activity includes an Amazon fulfillment center that opened in summer 2024 and a recently announced $867 million aerospace manufacturing plant.
Key Highlights
- 3 separate parcels spanning over 11 acres
- 55,381 VPD combined on Boone Trail and Owen Drive
- Located at 3041 Boone Trail in Fayetteville, NC 28306
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$762,277
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,245,540
$15.2M
Cap Rate 7%
$10,889,671
$10.9M
Cap Rate 9%
$8,469,744
$8.5M
Market Conditions
NOI Build-Up for 67,445 SF
Gross rent
$1.21M $18.00/SF
− Vacancy
−$125.0K −$1.85/SF
EGI
$1.09M $16.15/SF
− OpEx
−$326.7K −$4.84/SF
NOI
$762.3K $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 Rate 5%
$15,245,540
Cap Rate 7%
$10,889,671
Cap Rate 9%
$8,469,744
Alternative Uses
Best Use
Retail
$10.89M
$9.53M – $12.70M
NOI $762,277 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.78M
$12.93M – $17.24M
NOI $1,034,660 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
55,381 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
85k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 40%
Hotels & Casinos 16%
Beauty & Spa 2%
Circle K
Shops & Services
20,024 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
14,686 visits/mo
0.1 miles
Holiday Inn Fayetteville-Bordeaux
Hotels & Casinos
11,943 visits/mo
0.1 miles
Jersey Mike's Subs
Dining
7,566 visits/mo
0.0 miles
Bank of America
Shops & Services
7,499 visits/mo
0.2 miles
Demographics for 28306, NC
44,615
Population
17,723
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
69.7 sq mi
ZIP Area
640
Density / Sq Mi
$63,175
Median Household Income
$40,258
Median Earnings
$1,115
Median Rent
$218,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Bordeaux Center Inc. — 1740 Owen Dr, Fayetteville, NC 28304
- THE SHOPS AT BOONE TRAIL CENTER — Boone Trail Exd, Fayetteville, NC 28306
- Ray Rentals — 3217 friendly rd, fayetteville, nc 28304
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-parcel retail center with access to established residential and national retail demand drivers.
Where is this shopping center located?
The property is located at 3041 Boone Trail Fayetteville, NC.
What is the asking price?
The asking price for this property is $9,161,000.
What are key features of this property?
This property features: 3 separate parcels spanning over 11 acres; 55,381 VPD combined on Boone Trail and Owen Drive; Located at 3041 Boone Trail in Fayetteville, NC 28306
