For Sale
$6,492,248

2050 Skibo Rd Fayetteville, NC 28314

Triple-net leased, 8,900 SF, 6.45% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • Class A, 8,900 SF retail center in Fayetteville, NC, on a 0.89-acre lot.
  • Triple-net (NNN) leased to three national credit tenants: Aspen Dental, T-Mobile, and Habit Burger Grill.
  • 100% occupancy with a remaining lease term of 4.9 years (expires 10/30/2029).
  • Asking price: $6,492,248 ($729.47/SF), with a NOI of $418,750.
  • Prime corner location at Skibo Road/US 401 and Chason Ridge Drive in Fayetteville, NC.

Property Details for 2050 Skibo Rd

Property type
Lifestyle centers, Power centers
Square Feet
8,900 SF
Class
A
Year Built
2019
Lot Size (sq. ft)
38,768 SF
Units
3

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.05469996
Longitude
-78.97289108

FAQs

What type of property is this?
Lifestyle center - Triple-net leased, 8,900 SF, 6.45% cap rate.
Where is the lifestyle center located?
The property is located at 2050 Skibo Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $6,492,248.
What are key features of this property?
This property features: Class A, 8,900 SF retail center in Fayetteville, NC, on a 0.89-acre lot.; Triple-net (NNN) leased to three national credit tenants: Aspen Dental, T-Mobile, and Habit Burger Grill.; 100% occupancy with a remaining lease term of 4.9 years (expires 10/30/2029).
How can I contact the broker?
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2050 Skibo Rd
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