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Medical Corridor | Top Placer.ai Location 3300 Ramsey St 14,490 SF Retail Building Fayetteville, NC 28301 $5,440,509 CAD ($375.47 CAD/SF) 8% Cap Rate


INVESTMENT HIGHLIGHTS
- Major employers include Fort Liberty (63,000), Cape Fear Valley Health System (7,100), and Cumberland County Schools (5,800).
- According to Placer.ai, this location ranks 1st out of 10 other Walgreens locations in customer visits in a 15-mile radius.
- Methodist University (1.9K students), Fayetteville State University (6.7K students; 500+ faculty), and Fayetteville Technical CC (28K students).
- Located on Ramsey Street (U.S. 401), a primary north–south arterial with ±58,600 vehicles per day and direct access to I-295/I-95.
EXECUTIVE SUMMARY
We are pleased to offer for sale the Walgreens property located at 3300 Ramsey Street, Fayetteville, NC 28301 (the “Property”). Walgreens operates under a double net lease (NN), with landlord responsibilities limited to roof and structure with approximately six (6) years remaining on the current term before their first cancellation option.
The Property is located on Ramsey Street (U.S. 401), with a combined traffic count of ±58,600 vehicles per day. Ramsey Street serves as a north–south arterial through Fayetteville and connects directly to Interstate 295.
The Fayetteville area is ranked among the Top 5 Defense Industry Development areas in the U.S. with top American defense contractors located in the area, including Lockheed Martin, Boeing, and General Dynamics.
Within 5 miles of the Property are multiple medical, educational, and retail facilities. The Fayetteville VA Medical Center (60 beds) is 1.1 miles south, and the Cape Fear Valley Health System (700± beds) serves the broader region. Higher education institutions nearby include Methodist University (1,910 students), Fayetteville State University (6,700 students; 500+ faculty), and Fayetteville Technical Community College (28,000 students).
Nearby retail includes Ramsey Commons (Walmart Supercenter, Starbucks, Chick-fil-A, PetSmart) located 1–1.5 miles north, and Cross Creek Mall (1.05 million square feet; Belk, Macy’s, JCPenney) located 3.8 miles west.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, wg@bangrealty.com, NC DRE Lic #298998.
The Property is located on Ramsey Street (U.S. 401), with a combined traffic count of ±58,600 vehicles per day. Ramsey Street serves as a north–south arterial through Fayetteville and connects directly to Interstate 295.
The Fayetteville area is ranked among the Top 5 Defense Industry Development areas in the U.S. with top American defense contractors located in the area, including Lockheed Martin, Boeing, and General Dynamics.
Within 5 miles of the Property are multiple medical, educational, and retail facilities. The Fayetteville VA Medical Center (60 beds) is 1.1 miles south, and the Cape Fear Valley Health System (700± beds) serves the broader region. Higher education institutions nearby include Methodist University (1,910 students), Fayetteville State University (6,700 students; 500+ faculty), and Fayetteville Technical Community College (28,000 students).
Nearby retail includes Ramsey Commons (Walmart Supercenter, Starbucks, Chick-fil-A, PetSmart) located 1–1.5 miles north, and Cross Creek Mall (1.05 million square feet; Belk, Macy’s, JCPenney) located 3.8 miles west.
Listed in conjunction with Brian Brockman, Bang Realty, 513.898.1551, wg@bangrealty.com, NC DRE Lic #298998.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2001
Price
$5,440,509 CAD
Price Per SF
$375.47 CAD
Cap Rate
8%
NOI
$435,241 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.14
Lot Size
2.33 AC
Zoning
C1
Parking
75 Spaces (7.11 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0439-62-5955 | Improvements Assessment | $1,329,748 CAD |
| Land Assessment | $914,231 CAD | Total Assessment | $2,243,978 CAD |
PROPERTY TAXES
Parcel Number
0439-62-5955
Land Assessment
$914,231 CAD
Improvements Assessment
$1,329,748 CAD
Total Assessment
$2,243,978 CAD
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Medical Corridor | Top Placer.ai Location | 3300 Ramsey St
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