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
325.864.9775
b.blackburn@trinityreis.com

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

www.trinityreis.com/