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101-129 Great Ln
Raeford, NC 28376
Retail Property For Sale
Investment Highlights
- +/- 10,400 SF neighborhood retail center on 1.31 acres
- 7 of 8 suites leased (lease-up upside)
- Proforma cap rate 5.96%
- Located at entrance to 250+ home Bedford subdivision
- Frontage on Fayetteville Rd / US-401 (+/- 30,000 AADT)
Executive Summary
The Shoppes at Bedford is a +/- 10,400 SF neighborhood retail center located on 1.31 acres within Bedford Commercial, at the entrance to the 250+ home Bedford subdivision. The property features eight retail suites and is prominently positioned along the high-traffic Fayetteville Rd/US-401 corridor connecting Fayetteville and Raeford, with an average daily traffic count of approximately 30,000 vehicles. The center currently has 7 of 8 units leased, providing flexibility for investors with a partially occupied asset in a highly visible, growing residential area. Property is subject to covenants and restrictions under Bedford Commercial. Great Lane is a private road. Proforma cap rate 5.96%
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,400 SF
Building Class
B
Year Built
2019
Price
$4,774,840 CAD
Price Per SF
$459.12 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.31 AC
Zoning
HC - Highway Commercial
Parking
62 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Drive Thru
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 494660101388 | Improvements Assessment | $1,447,322 CAD |
| Land Assessment | $853,741 CAD | Total Assessment | $2,301,064 CAD |
Property Taxes
Parcel Number
494660101388
Land Assessment
$853,741 CAD
Improvements Assessment
$1,447,322 CAD
Total Assessment
$2,301,064 CAD
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