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Brinkley Commons 2624-2698 NC Highway 87 S

43,000 SF 100% Leased 4-Star Retail Building Cameron, NC 28326 £8,028,825 (£187/SF) 7.04% Net Initial Yield

Investment Highlights

  • 2016 built, fully leased highly synergistic center adjacent to the top sales Wal-Mart Super Center
  • Harnett County Population Grew by more than 50% since 2000, from just about 91,000 residents to an estimated 144,000 people, is on an explosive path
  • Two new incredible tenants with Rent escalation during Primary lease term speaks volumes about the tremendous demand for space in the center
  • With just 90 days’ notice, the below market rent Shoe Show space can be replaced for substantial increase in rent
  • Benefits from Close by Fort Liberty | The largest military base about 70K military personnel with a whopping $8.1B to the local economy
  • Energetic Excellent Tenant Mix: Discount Retail, Service, Personal Health, Medical Clinic, Diverse Delicious Dining Restaurants, and Bank

Executive Summary

Explosive Growth (18k+ new housing units proposed) | 2016 Built Walmart Shadow Center | Close to largest military base with 70k personnel with $8.1 Billion Economic Impact | Cameron, NC | $10.25 M

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
43,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
£8,028,825
Price Per SF
£187
Net Initial Yield
7.04%
NOI
£565,268
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Lot Size
4.57 AC
Parking
150 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
287 ft on NC-87 Hwy

Amenities

  • Freeway Visibility
  • Signage

Nearby Major Retailers

Navy Federal Credit Union
Hwy 55
  • Listing ID: 33392018

  • Date on Market: 03/10/2024

  • Last Updated:

  • Address: 2624-2698 NC Highway 87 S, Cameron, NC 28326

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