Corporate-Guaranteed NNN
New
For Sale
$1,650,000
4124 Legend Ave, Fayetteville, NC 28303
Leased commercial property near major retail and automotive dealership operators.
Property Size11,600 SF
Days on Market5
Property Features for 4124 Legend Ave
General Information
Standard status
Active
Size
11,600 SF
Property subtype
Retail
Building Details
Building Size
11,600 SF
Year Built
1976
Tenancy
Single
Listing Agency:
Bang Realty
(269) 953-7009
Listed By:
Eric Hart · License #BRK.200900214
(269) 953-7009
Source:
Friedmanrealestate
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 17 at 4:20AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This NNN property at 4124 Legend Ave in Fayetteville, North Carolina, is occupied by Caliber Collision as an auxiliary location to the operator’s property at 1509 Skibo Rd. The building dates to 1976 and is supported by a corporate lease guarantee. Contractual rent is scheduled to increase by 10% in June 2027.
The property is positioned near a concentration of automotive dealerships, including Dodge, FIAT, Ford, and Subaru, with Walmart, Sam’s Club, and Walgreens also identified among the surrounding national tenants. Landlord obligations under the lease include the roof, structure, parking lot, and HVAC systems.
The property is positioned near a concentration of automotive dealerships, including Dodge, FIAT, Ford, and Subaru, with Walmart, Sam’s Club, and Walgreens also identified among the surrounding national tenants. Landlord obligations under the lease include the roof, structure, parking lot, and HVAC systems.
Key Highlights
- Corporate‑guaranteed Caliber Collision tenancy
- NNN property at 4124 Legend Ave, Fayetteville, NC 28303
- 10% rent increase scheduled for June 2027
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
$131,106
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
7.95%
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%
$2,622,120
$2.6M
Cap Rate 7%
$1,872,943
$1.9M
Cap Rate 9%
$1,456,733
$1.5M
Market Conditions
NOI Build-Up for 11,600 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
$208.8K $18.00/SF
− Vacancy
−$21.5K −$1.85/SF
EGI
$187.3K $16.15/SF
− OpEx
−$56.2K −$4.84/SF
NOI
$131.1K $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%
$2,622,120
Cap Rate 7%
$1,872,943
Cap Rate 9%
$1,456,733
Alternative Uses
Best Use
Retail
$1.87M
$1.64M – $2.19M
NOI $131,106 @ 7.0% cap · market cap 7.95%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,058 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$2.54M
$2.22M – $2.97M
NOI $177,953 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
416k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 68%
Dining 16%
Shops & Services 11%
Electronics 2%
Walmart
Superstores
144,745 visits/mo
0.1 miles
Sam's Club
Superstores
136,408 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
26,891 visits/mo
0.1 miles
Cracker Barrel Old Country Store
Dining
20,238 visits/mo
0.1 miles
SONIC Drive In
Dining
17,825 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Leased commercial property near major retail and automotive dealership operators.
Where is this nnn property located?
The property is located at 4124 Legend Ave Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Corporate‑guaranteed Caliber Collision tenancy; NNN property at 4124 Legend Ave, Fayetteville, NC 28303; 10% rent increase scheduled for June 2027
