Two-Tenant Retail Plaza with Pylon
For Sale
$3,850,000
4600-4610 Bragg Boulevard, Fayetteville, NC 28303
Modern two-tenant retail plaza with sprinkler system, pylon signage, and ample parking for community-serving retail and service uses.
Property Size30,177 SF
Lot Size3.64 Acres
Price / SF$127.58
Days on Market58
Property Features for 4600-4610 Bragg Boulevard
General Information
Standard status
Active
Size
30,177 SF
Total Parking Spaces
105
Lot size
3.64 Acres
Property subtype
Retail
Zoning
CC
Additional Details
Sprinkler System
Yes
Building Details
Building Size
30,177 SF
Year Built
2000
Year Renovated
2013
Tenancy
Multi
Listing Agency:
(910) 988-4263
Listed By:
Richard L. Fox III, Esq.
(910) 988-4263
Source:
Grantmurrayre
Added: Jun 24
Changed: Aug 19
Last Checked: Aug 20 at 5:36AM
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 Richard L. Fox III, Esq.
Investment Insights
Based on property information with market context.
Nuri Plaza is a 30,177 SF, two-tenant retail building constructed in 2000 and remodeled in 2013. The property is sprinkled throughout and includes a pylon sign designed to enhance visibility. With 105 parking spaces, the site supports convenient on-site access for customers and staff.
The property is located in the North Fayetteville submarket on 3.64 acres, at 4600 Bragg Blvd. and 4610 Bragg Blvd. The building sits within a Community Commercial (CC) zoning district and is positioned to serve both the general community and the surrounding region.
Zoned Community Commercial (CC), the building can accommodate a diverse range of medium to high intensity retail, service, and office uses. Its two-tenant configuration offers flexibility for owner-occupants and investors seeking a community-oriented footprint, supported by code-compliant fire protection and dedicated parking for day-to-day operations.
The property is located in the North Fayetteville submarket on 3.64 acres, at 4600 Bragg Blvd. and 4610 Bragg Blvd. The building sits within a Community Commercial (CC) zoning district and is positioned to serve both the general community and the surrounding region.
Zoned Community Commercial (CC), the building can accommodate a diverse range of medium to high intensity retail, service, and office uses. Its two-tenant configuration offers flexibility for owner-occupants and investors seeking a community-oriented footprint, supported by code-compliant fire protection and dedicated parking for day-to-day operations.
Key Highlights
- 30,177 SF, two‑tenant retail plaza at 4600 and 4610 Bragg Blvd.
- Constructed in 2000; remodeled in 2013; sprinkler system throughout.
- Located on 3.64 acres in the North Fayetteville submarket.
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
$341,066
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
8.86%
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%
$6,821,320
$6.8M
Cap Rate 7%
$4,872,371
$4.9M
Cap Rate 9%
$3,789,622
$3.8M
Market Conditions
NOI Build-Up for 30,177 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
$543.2K $18.00/SF
− Vacancy
−$55.9K −$1.85/SF
EGI
$487.2K $16.15/SF
− OpEx
−$146.2K −$4.84/SF
NOI
$341.1K $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%
$6,821,320
Cap Rate 7%
$4,872,371
Cap Rate 9%
$3,789,622
Alternative Uses
Best Use
Retail
$4.87M
$4.26M – $5.68M
NOI $341,066 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.61M
$5.79M – $7.72M
NOI $462,939 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
198k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 69%
Shops & Services 18%
Dining 10%
Hotels & Casinos 3%
Sam's Club
Superstores
136,408 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
26,891 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
20,238 visits/mo
0.5 miles
Liberty Ford Of Fayetteville
Shops & Services
4,541 visits/mo
0.4 miles
Residence Inn by Marriott
Hotels & Casinos
3,666 visits/mo
0.5 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?
Retail space - Modern two-tenant retail plaza with sprinkler system, pylon signage, and ample parking for community-serving retail and service uses.
Where is this retail space located?
The property is located at 4600-4610 Bragg Boulevard Fayetteville, NC.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 30,177 SF, two‑tenant retail plaza at 4600 and 4610 Bragg Blvd.; Constructed in 2000; remodeled in 2013; sprinkler system throughout.; Located on 3.64 acres in the North Fayetteville submarket.
