Fayetteville Restaurant and Tap
For Sale
Contact for pricing
1240 Fort Bragg Rd, Fayetteville, NC 28305
Restaurant and tap room opportunity in Fayetteville's historic Haymount area.
Property Size6,449 SF
Price / SF$341.14
Days on Market855
Property Features for 1240 Fort Bragg Rd
General Information
Standard status
Active
Size
6,449 SF
Property subtype
Retail
Zoning
NC
Building Details
Year Built
1908
Year Renovated
2021
Tenancy
Single
Listing Agency:
Grant-Murray Real Estate
(910) 322-1496
Listed By:
Gary Futch, CCIM · License #NC 265136
Source:
Crexi
Added: Apr 18, 2024
Changed: Aug 17
Last Checked: Aug 18 at 2:59PM
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
Investment Insights
Based on property information with market context.
Located at 1240 Fort Bragg Rd in Fayetteville, NC, this 6,449 SF building, originally constructed in 1908 and renovated in 2021, offers an opportunity for a restaurant and tap room. The property is situated in a commercial district, ensuring high visibility and consumer traffic. Currently operating as District House of Taps, Fayetteville's first self-pour taproom and restaurant, it features 40 taps of premium NC craft beer, wines, ciders, and sours, along with a pub menu. The location benefits from nearby retailers and dining establishments, attracting patrons from the local community and visitors to attractions such as the Airborne & Special Operations Museum and Cape Fear Botanical Garden. The city's military presence, including Fort Bragg, contributes to a steady flow of potential customers.
Key Highlights
- Established Restaurant and Tap Room (District House of Taps) with 40 self‑pour taps of premium NC craft beer, wines, ciders and sours.
- Prime location in the heart of Fayetteville with high visibility and strong consumer traffic.
- Thoughtfully renovated 6,449 SF building, originally constructed in 1908, blending historic charm with modern functionality.
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
$93,144
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
4.23%
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%
$1,862,880
$1.9M
Cap Rate 7%
$1,330,629
$1.3M
Cap Rate 9%
$1,034,933
$1.0M
Market Conditions
NOI Build-Up for 6,449 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
$131.6K $20.40/SF
− Vacancy
−$7.4K −$1.14/SF
EGI
$124.2K $19.26/SF
− OpEx
−$31.0K −$4.81/SF
NOI
$93.1K $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 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%
$1,862,880
Cap Rate 7%
$1,330,629
Cap Rate 9%
$1,034,933
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,144 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,933 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
20k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
9,665 visits/mo
0.3 miles
Exxon
Shops & Services
4,721 visits/mo
0.1 miles
HobbyTown USA
Shops & Services
4,270 visits/mo
0.5 miles
Woof Gang Bakery
Shops & Services
1,064 visits/mo
0.1 miles
AAMCO Transmissions
Shops & Services
363 visits/mo
0.5 miles
Demographics for 28305, NC
5,844
Population
3,497
Households
1.7
Avg Household Size
44
Median Age
50%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
2,248
Density / Sq Mi
$70,612
Median Household Income
$55,247
Median Earnings
$1,029
Median Rent
$242,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant and tap room opportunity in Fayetteville's historic Haymount area.
Where is this bar & pub located?
The property is located at 1240 Fort Bragg Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Established Restaurant and Tap Room (District House of Taps) with 40 self‑pour taps of premium NC craft beer, wines, ciders and sours.; Prime location in the heart of Fayetteville with high visibility and strong consumer traffic.; Thoughtfully renovated 6,449 SF building, originally constructed in 1908, blending historic charm with modern functionality.
