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Bunn Crossing 23 NC-98 Hwy 11,536 SF 100% Leased Retail Building Bunn, NC 27508 $5,082,692 CAD ($440.59 CAD/SF) 6.82% Cap Rate

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Investment Highlights

  • Fully stabilized retail asset featuring six local and regional tenants, each with term through at least 2028.
  • Shadow anchored by a strong performing Food Lion, which according to Placer. ai., is ranked in the 74th percentile of all Food Lion’s nationwide.
  • Bunn has seen a record 307% population increase from 2000-2022 and is the 8th fastest growing city in NC.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,536 SF
Building Class
C
Year Built
2009
Price
$5,082,692 CAD
Price Per SF
$440.59 CAD
Cap Rate
6.82%
NOI
$346,529 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.58 AC
Zoning
C-3 - Commercial
Parking
78 Spaces (6.76 Spaces per 1,000 SF Leased)
Frontage
96’ on Main St

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Bunn Dental
  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Fiesta Mexicana
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Levy's Soul Food
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Magnolia Coffee Shop
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.

  • Tobacco and Vape
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Bunn Dental Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Fiesta Mexicana - - $9.99 Lorem Ipsum Jan 0000
Levy's Soul Food - - $9.99 Lorem Ipsum Jan 0000
Magnolia Coffee Shop Retailer - - Lorem Ipsum Jan 0000
Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000
Tobacco and Vape Retailer - - Lorem Ipsum Jan 0000

Nearby Major Retailers

Food Lion
First Citizens Bank

Property Taxes

Property Taxes

Parcel Number
036146
Land Assessment
$1,131,169 CAD
Improvements Assessment
$1,618,096 CAD
Total Assessment
$2,749,266 CAD
  • Listing ID: 36660458

  • Date on Market: 2025-07-09

  • Last Updated:

  • Address: 23 NC-98 Hwy, Bunn, NC 27508

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