2800 Nc-24Cameron, NC 28326

Property Details for 2800 Nc-24

Year built

2016

Lot size

4.58 AC

Property size (Sq ft)

43,000 SF

Property type

Retail properties

Property subtype

Lifestyle 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.

Location Insight

City

Cameron

County

Harnett

State

North Carolina

Latitude

35.2439

Longitude

-79.0262

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].