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Property profile & analytics

2800 Nc-24 Cameron, NC 28326

  • Lifestyle centers
  • 43,000 SF
  • 4.58 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Isalis / Gift Shop / Boutique
  • Party City / Party Store / Balloon Store
  • Skunk Funk / Wholesaler / Clothing Store
  • Carl's Trading Co / Hat Shop
  • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

Property Details for 2800 Nc-24

Year built
2016
Lot size
4.58 lot acres
Property size
43,000 SF
Property type
Lifestyle centers
Property subtype
Power centers

Description

This exceptional 43,000 square foot shopping center in Cameron, NC, presents a compelling investment opportunity. Built in 2016, the property boasts 100% occupancy with 13 tenants, including Dollar Tree, Navy Federal Credit Union, and a diverse mix of retail, dining, and service businesses. The center benefits from a prime location on busy NC Highway 24-87, adjacent to a high-performing Walmart Supercenter, within the Fayetteville MSA. The property features a fee simple ownership structure, a stabilized investment type with a NNN lease structure and credit-rated tenants. The strong NOI of $721,649 contributes to an attractive 7.33% cap rate at an asking price of $9,850,000 ($229.07/sq ft). Recent lease renewals, including a five-year lease with annual rent increases for Kids First Pediatrics of Raeford, demonstrate strong tenant demand. The property sits on a 4.58-acre lot and enjoys significant growth potential due to the explosive population growth in Harnett County (over 50% since 2000) and the proposed development of 18,000+ new housing units. The proximity to Fort Liberty, the world's largest military base, further enhances the property's long-term prospects. The center's strategic location and robust tenant mix create a highly desirable investment opportunity with significant upside potential. The property is offered as a 1031 exchange opportunity.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Cameron
County
Harnett
State
North Carolina
Longitude
-79.0262
Latitude
35.2439
More about this property
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