Northern Tool + Equipment Retail
For Sale
Contact for pricing
3502 Bragg Boulevard, Fayetteville, NC 28303
Retail property with a corporate lease, established operating history, and a recently extended lease term.
Property Size25,482 SF
Price / SF$156.58
Days on Market105
Property Features for 3502 Bragg Boulevard
General Information
Standard status
Active
Size
25,482 SF
Total Parking Spaces
75
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$279,328
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Ransome Foose · License #NC 280948
Source:
Crexi
Added: Jul 3
Changed: Oct 6
Last Checked: Oct 14 at 10:23PM
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 Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
This 25,482-square-foot retail space at 3502 Bragg Boulevard in Fayetteville, North Carolina, was constructed in 2007. The offering is identified with Northern Tool + Equipment and includes a corporate lease, a long operating history, and a recent lease extension. The property is designated Commercial under the stated zoning classification.
Key Highlights
- 25,482‑square‑foot retail space
- Northern Tool + Equipment identified with the offering
- Corporate lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$288,003
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,760,060
$5.8M
Cap Rate 7%
$4,114,329
$4.1M
Cap Rate 9%
$3,200,033
$3.2M
Market Conditions
NOI Build-Up for 25,482 SF
Gross rent
$458.7K $18.00/SF
− Vacancy
−$47.2K −$1.85/SF
EGI
$411.4K $16.15/SF
− OpEx
−$123.4K −$4.84/SF
NOI
$288.0K $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%
$5,760,060
Cap Rate 7%
$4,114,329
Cap Rate 9%
$3,200,033
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $288,003 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.58M
$4.89M – $6.52M
NOI $390,914 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
158k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 11%
Apparel 10%
Home Improvements & Furnishings 5%
Krispy Kreme Doughnuts
Dining
26,596 visits/mo
0.4 miles
McDonald's
Dining
26,084 visits/mo
0.1 miles
Hibachi Grill & Supreme Buffet
Dining
18,395 visits/mo
0.3 miles
7 Brew Coffee
Dining
13,950 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,874 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with a corporate lease, established operating history, and a recently extended lease term.
Where is this retail space located?
The property is located at 3502 Bragg Boulevard Fayetteville, NC.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: 25,482‑square‑foot retail space; Northern Tool + Equipment identified with the offering; Corporate lease in place
