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Property profile & analytics
FOR LEASE
Retail space

505 Franklin St Fayetteville, NC 28301

Built 2016
Property ID
US53-3839984
Property summary
AI-generated overview

Now available for lease 6,610 sf two-story space located within the fast transit center in downtown Fayetteville. The space is currently in shell condition with the tenant improvement allowance to be negotiated. The location has great potential for a restaurant, retail, or office location with the bus station customers, the downtown employees and residents, and the many visitors coming to this area. The property is located in downtown Fayetteville, NC at the signalized intersection of Franklin St and Robeson St. It is within walking distance to many of downtown's amenities to include the Woodpecker's Segra Stadium; the Airborne & Special Operations Museum; numerous restaurants, breweries, and shops; and many downtown residents. Within a one mile radius of the property there are 4,416 residents with an average household income of $66,295 and the daytime work population is 17,476.

Property profile
Verified
Property type Retail space
Year built 2016
UPID US53-3839984
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Greyhound: Bus Station Logistics Company Trucking Company
  • Megabus Logistics Company Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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