Description

3041 Boone Trail is a 67,445 SF shopping center for sale at 3041 Boone Trail in Fayetteville, NC. With 94% occupancy and 4,090 SF of available space, the property combines an established occupied base with space for additional leasing.

The center sits on 11.06 acres and offers surface parking. Its 55,381 AADT traffic count and pylon signage give retailers a way to reach passing customers, while the parking supports visits across the center. For an investor, the 67,445 SF gross leasable area provides scale, and the 4,090 SF of available space creates a leasing objective without making a change to the occupied portion of the property the basis of the investment. Operating expenses are $4.49/SF/year, a relevant figure when reviewing the center’s leasing economics and tenant costs.

The asking price is $9,161,000, or $135.83 PSF; the property is also priced at $828,481 per acre. In-place NOI of $690,176 supports a 7.53% in-place cap rate, with in-place rents of $14.82. Stabilized NOI is $709,122, and the stabilized cap rate is 7.74%. The reported cash-on-cash return is 7.80%. The investment case rests on the center’s current income and occupancy, alongside the defined task of leasing the available space. Buyers can weigh that task against the existing income rather than relying on a fully vacant property to establish the center’s position.