3506 Bragg Blvd, Fayetteville, North Carolina 28303

Sale Information

Asking Price: $2,189,829

Building Size: 10,647 SQ FT

Lot Size: 89298

Cost per Square Foot: $205.68

Cap Rate: 7.00%

NOI: $153,288.00

Property Overview

Trinity REIS is pleased to present the opportunity to acquire a Gerber Collision in Fayetteville, NC. There are currently 10 years remaining on the primary term with an anticipated 10% increase in May 2021.

The Subject Property is part a single-tenant net lease portfolio. For more information regarding this property, or the 8 others in the portfolio, please reach out to Trinity REIS. The portfolio consist of 9 properties for a total purchase price of $15M with a blended cap rate of 7.72% and average lease term remaining of 9 years. Other tenants in the portfolio; Burger King (corporate), Gerber Collision, Dollar General, EZ Pawn and more.

Built: 2006

Occupancy: 100%

Property Details

Key Points: Absolute NNN Lease Gerber Collision - 12 Years Remaining on Current Term 21% Aggregate Rental Increase During Next 10 Years of Lease Store Reporting Strong Sales - Required to Report Financials on Annual Basis Healthy Trade Area - 150,000 Residents Within 5 Miles of Property Gerber Collisions Has Over 500+ Locations in the US Several Auto Dealerships and Auto Related Businesses Surrounding Location

Broker Information

Trinity Real Estate Investment Services
Branson Blackburn

222 Exchange Ave., Suite 200
Fort Worth, Texas 76164