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Ramsey Street Station, Fayetteville, NC

Ramsey Street Station

Price $4,629,000
Cap Rate 7.25%
NOI $335,575
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2018
Building Size 9,634 SF
Lot Size 1.87 acres (81,457 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» Long-term leases with scheduled rental increases
» Strong mix of national and regional retailers
» Multi-tenant property allows for investment diversification

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 53,000 vehicles per day at the signalized hard corner of Ramsey Street and Stacy Weaver Drive
» Ramsey Street provides convenient access to Route 295, which serves as a bypass around the western side of Fayetteville and experiences a traffic volume of 29,000 vehicles per day near the property
» Located in a dense retail corridor and surrounded by notable tenants, including Walmart Supercenter, Lowe’s, Chick-fil-A, PetSmart, and Starbucks, amongst many others
» Adjacent to, and enjoys cross-access from, Aldi and Applebee’s

CENTRAL LOCATION WITH STRONG CUSTOMER BASE IN SURROUNDING AREA
» Directly across from Methodist University, which serves approximately 2,300 students, including 1,170 students who live on campus in the university’s 19 residence halls
» Near Fort Bragg, the world’s largest military base by population, with more than 77,000 military and civilian employees
» Minutes from Fayetteville Technical Community College, the fourth largest community college in North Carolina, serving more than 41,000 students annually

NEW CONSTRUCTION
» High-quality construction completed in 2018
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs



Property Description

The property is strategically located at the signalized hard corner of Ramsey Street and Stacy Weaver Drive, with excellent visibility and access to 53,000 vehicles per day. Ramsey Street provides convenient access to Route 295, which serves as a bypass around the western side of Fayetteville and experiences a traffic volume of 29,000 vehicles per day near the property. Located in a dense retail corridor, the property is surrounded by notable tenants. The property is adjacent to, and enjoys cross-access from, Aldi and Applebee’s. Important retailers in the nearby area include Walmart Supercenter, Lowe’s, Chick-fil-A, PetSmart, and Starbucks, amongst many others.

The property is directly across from Methodist University, which serves approximately 2,300 students, including 1,170 students who live on campus in the university’s 19 residence halls. Additionally, the property is just minutes from Fayetteville Technical Community College, the fourth largest community college in North Carolina, serving more than 41,000 students annually. The property is also located just a few miles from Fort Bragg, the world’s largest military base by population, with more than 77,000 military and civilian employees. Active duty personnel, military families, and the local consumer base of residents and college students all help drive sales at the property.

Contact Us About This Property

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