2050 Skibo Rd Fayetteville, NC 28314-3160

Property Details for 2050 Skibo Rd

Lot size

0.96 lot acres

Zone code

CC

Property type

Retail residential properties

APN

0407-74-9886

APU

407749886

Description

This Class A retail center, located at 2050 Skibo Road in Fayetteville, North Carolina, presents a compelling investment opportunity. The 8,900 square foot property sits on a 0.89-acre lot and boasts three national tenants: Aspen Dental, T-Mobile, and Habit Burger Grill. All tenants are under triple-net (NNN) leases with a strong credit rating and corporate guarantees, ensuring consistent cash flow. The property features a 100% occupancy rate with a remaining lease term of 4.9 years, extending to October 30, 2029. The lease commenced January 31, 2020, and the current asking price is $6,492,248, representing a price per square foot of $729.47 and a net operating income (NOI) of $418,750. Built in 2019, this strategically located center benefits from its position on a prime, hard-signalized corner of Skibo Road/US 401 and Chason Ridge Drive in Fayetteville, the sixth-largest city in North Carolina. Fayetteville's robust economy is further bolstered by the presence of Fort Bragg, the world's largest military installation, contributing to a strong and stable tenant base. This core investment offers a compelling combination of high occupancy, strong tenants, and a desirable location. All offers are due by 5 PM on July 26, 2024.

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Longitude

-78.9733

Latitude

35.0548

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments