3725 Ramsey StFayetteville, NC 28311

Property Details for 3725 Ramsey St

Year built

1988

Lot size

11.99 AC

Property size (Sq ft)

126,609 SF

Zone code

CC

Property type

Commercial real estate

APN

0439-55-4489

APU

439554489

Description

This exceptional investment opportunity presents Northgate Shopping Center, a 241,668 square foot multi-tenant retail center located at 3725 Ramsey St, Fayetteville, NC 28311. Boasting a 7.75% cap rate and a strong NOI of $1,390,703, this property offers significant value. The center is currently 85.67% occupied by a diverse mix of national and regional tenants including Wells Fargo Bank, Subway, Ollie's Bargain Outlet, Ross, Rent-A-Center, UPS, and Papa John's. Built in 1989 and renovated in 2012, the property sits on a 29.41-acre lot and benefits from its prime location on high-traffic Ramsey Street (44,090 vehicles per day), just two miles from Interstate 295 and near Interstate 95. Its strategic adjacency to a top-performing Lowe's Home Improvement and proximity to a Walmart Supercenter further enhances its visibility and accessibility. The property's success is underscored by 2.3 million visits in the last 12 months. The surrounding area boasts a substantial population base, with 243,894 people residing within a 10-mile radius, fueled by the significant economic impact of Fort Liberty (formerly Fort Bragg), contributing $8.1 billion annually to the Fayetteville region and $66 billion to the state. The asking price is $17,945,000, translating to a price per square foot of $74.25. Desirable outparcel tenants, including Advanced Auto Parts and Hobby Town, complement the main center. Additional outparcels not included in the sale are occupied by McDonald's, Cookout, Weiner Works, and Firestone Tires. This property represents a compelling acquisition opportunity in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $35,783,636

  Hospitality

  $32,777,618

  Educational

  $27,270,594

  Medical

  $28,208,472

  Retail

  $42,420,924

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.1113

Longitude

-78.8815

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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