Freestanding Restaurant
332 N Reilly Rd, Fayetteville, NC 28303
For Sale
$717,000
Standalone restaurant facility on a CC-zoned commercial site with direct road frontage and high daily vehicle exposure.
Property Size4,062 SF
Lot Size1.05 Acres
Price / SF$176.51
Days on Market49
Property Features for 332 N Reilly Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Frontage
Traffic Count
Road Access
Additional Details
Asking Price
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Grant-Murray Real Estate, LLC
Listed By:
Patrick Murray, CCIM, SIOR · License #NC #231098
(910) 861-0449
Source:
Grantmurrayre
Added: Sep 22
Changed: Nov 7
Last Checked: Nov 8 at 4:26AM
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 Grant-Murray Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1988, this freestanding restaurant property contains ±4,062 SF on a 1.05-acre commercial site. The CC-zoned parcel offers 120 feet of frontage along N Reilly Road, supporting direct roadside presence for restaurant operations.
Located at 332 N Reilly Rd in Fayetteville, the property is positioned on a corridor reporting 15,000 vehicles per day. Expected availability is April 2027, providing a defined timeline for future occupancy or repositioning.
Located at 332 N Reilly Rd in Fayetteville, the property is positioned on a corridor reporting 15,000 vehicles per day. Expected availability is April 2027, providing a defined timeline for future occupancy or repositioning.
Key Highlights
- ±4,062 SF freestanding restaurant building
- 1.05‑acre CC‑zoned commercial site
- 120 feet of frontage on N Reilly Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,668
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,360
$1.2M
Cap Rate 7%
$838,114
$838.1K
Cap Rate 9%
$651,867
$651.9K
Market Conditions
NOI Build-Up for 4,062 SF
Gross rent
$82.9K $20.40/SF
− Vacancy
−$4.6K −$1.14/SF
EGI
$78.2K $19.26/SF
− OpEx
−$19.6K −$4.81/SF
NOI
$58.7K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,360
Cap Rate 7%
$838,114
Cap Rate 9%
$651,867
Alternative Uses
Best Use
Specialty Retail
$838.1K
$733.4K – $977.8K
NOI $58,668 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$890.2K
$778.9K – $1.04M
NOI $62,314 @ 7.0% cap · market cap 8.69%
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
Lease Details
15,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Dollar General
Shops & Services
5,827 visits/mo
0.2 miles
Valero Energy
Shops & Services
4,741 visits/mo
0.1 miles
BP
Shops & Services
4,373 visits/mo
0.4 miles
Pantry
Shops & Services
3,389 visits/mo
0.5 miles
Pizza Hut
Dining
2,399 visits/mo
0.1 miles
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone restaurant facility on a CC-zoned commercial site with direct road frontage and high daily vehicle exposure.
Where is this conventional restaurant located?
The property is located at 332 N Reilly Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $717,000.
What are key features of this property?
This property features: ±4,062 SF freestanding restaurant building; 1.05‑acre CC‑zoned commercial site; 120 feet of frontage on N Reilly Road
