511 Cross Creek Mall Fayetteville, NC 28303

This exceptional investment opportunity presents a 20,004-square-foot CHEF'STORE, a US Foods brand, located at 511 Cross Creek Mall in Fayetteville, North Carolina (zip code 28303). The property, built in 2023, sits on a 1.94-acre lot and benefits from a new 15-year NNN lease commencing January 20, 2024, and expiring January 31, 2039. The lease includes rent bumps, providing consistent income growth. The tenant, US Foods (NYSE: USFD), a Fortune 500 company with $35.6 billion in 2023 revenue, offers a corporate guarantee, mitigating risk. The property boasts a 6.50% cap rate and a net operating income (NOI) of $485,097, making it an attractive addition to any portfolio. This prime retail location is an outparcel to Cross Creek Mall, a 90-acre center anchored by national retailers such as Lowe's, Target, Walmart, and more. The site enjoys high traffic counts, with over 51,000 vehicles daily on the All American Freeway and over 33,500 on Morganton Road. The strong demographics include an affluent one-mile average household income of $94,670 and a robust five-mile population exceeding 151,000 residents. Its proximity to Fort Bragg, a major military installation, further enhances its appeal. The asking price is $7,464,000, and the property is suitable for a 1031 exchange. The 20-year transferable roof warranty adds to the investment's long-term value.