22-Store Shopping Center
7707-7715 South Raeford Road Fayetteville, NC 28304
7707-7715 South Raeford Road, Fayetteville, NC, 28304
Contact for pricing
For Sale
Contact for pricing
Westside Village is a fully occupied 22-store shopping center with tenant-paid utilities.
Property Size53,100 SF
Lot Size7.58 Acres
Price / SF$298.49
Days on Market94
Property Features for 7707-7715 South Raeford Road
General Information
- Standard status
- Active
- Size
- 53,100 SF
- Lot size
- 7.58 Acres
- Property subtype
- Retail
Listing agency
CENTURY 21 Sherlock Homes
Listed by
Roger Hart · License #NY
Source
Crexi
Added: Apr 21 Updated: Jul 23 at 1:33AM Checked: Jul 23 at 1:33AM
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 CENTURY 21 Sherlock Homes
Investment Insights
Based on property information with market context.
Westside Village is a 22-store shopping center for sale with 100% occupancy. The property includes a building size of 53,100 square feet on a 7.58-acre lot. Tenants pay their own utilities.
For financial review, the property is described as having an annual rent roll of $1,091,738 and total operating expenses of $138,619, resulting in net operating income of $953,119. Contact is provided for obtaining financial information.
The offering is presented as a shopping center investment with centralized operations typical of a multi-tenant retail property, supported by the stated income and expense figures.
For financial review, the property is described as having an annual rent roll of $1,091,738 and total operating expenses of $138,619, resulting in net operating income of $953,119. Contact is provided for obtaining financial information.
The offering is presented as a shopping center investment with centralized operations typical of a multi-tenant retail property, supported by the stated income and expense figures.
Key Highlights
- Westside Village: 22‑store shopping center with 100% occupancy
- 7.58‑acre lot with 53,100 SF building size
- Annual rent roll of $1,091,738.00
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $955.8k | $18.00 |
| − Vacancy | −$98.4k | −$1.85 |
| EGI | $857.4k | $16.15 |
| − OpEx | −$257.2k | −$4.84 |
| NOI | $600.1k | $11.30 |
53,100 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.57M
$7.50M – $10.00M
NOI $600,147 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.64M
$10.18M – $13.58M
NOI $814,596 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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- Westin Center — 9535 Cliffdale Rd, Fayetteville, NC 28304
- Westside Village Shopping Center — 7707-7713 S Raeford Rd, Fayetteville, NC 28304
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FAQs
What type of property is this?
Shopping center - Westside Village is a fully occupied 22-store shopping center with tenant-paid utilities.
Where is this shopping center located?
The property is located at 7707-7715 South Raeford Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $15,850,000.
What are key features of this property?
This property features: Westside Village: 22‑store shopping center with 100% occupancy; 7.58‑acre lot with 53,100 SF building size; Annual rent roll of $1,091,738.00
