deal image
3703 Raeford RdFayetteville, NC 28304
Strickland Brothers | Fayetteville, NC | 6.65% Cap
Asset ClassRetail
Cap Rate6.65%
Strickland Brothers Oil Change | Fayetteville, NC | 6.65% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Strickland Brothers | Fayetteville, NC. The Premises is leased to Strickland Brothers (Corporate) for a fifteen year initial term. The Asset is located in Fayetteville, NC, one of the largest cities in NC and home to a large military population at Fort Liberty (Formerly Ft. Bragg), which allows a built-in customer base for years to come. The subject site is well positioned at the high-traffic lighted intersection of Raeford Rd (37,500 VPD) and Roxie Ave (4,600 VPD).

Access the Data Room

Investment Highlights

Corporate Guarantee from Rapidly Growing Tenant

  • Strickland Brothers is one of the fastest growing companies in the United States
  • Over 170 locations in 22 states
  • Ranked number 504 in prestigious 5000 listing for 2022

Attractive Lease Fundamentals

  • 15 Yr Abs. NNN Lease
  • 10% rental increases every 5 years including option periods
  • Four (4) - five (5) year option
  • Zero LL responsibilities

New Construction

  • New build-to-suit Strickland Brothers prototype
  • Warranties will be transferred to the new owner

Highly Accessible Location

  • Located at a lighted intersection of Raeford Rd (37.5K VPD) and Roxie Ave (4.6K VPD)
  • Directly off of the All American Fwy (46K VPD) exit

Good Visibility on Retail Corridor

  • More than 37.5K cars travel on Raeford Rd
  • Over 1.1MSF of retail is located in a 1-mile radius
  • Nearby national tenant include: Publix, Food Lion, Big Lots, McDonald’s, and Advance Auto Parts

Nearby Major Market Employers

  • Approximately 1.2 miles to Cape Fear Valley Medical Facility, a 678 bed regional medical facility
  • Over 400K SF of additional medical office surrounding the hospital
  • Nearly 40,000 personnel operate at Fort Liberty, a 12 minute drive away
deal gallery image
deal gallery image
deal gallery image
3703 Raeford RdFayetteville, NC 28304
Cape Fear Valley Medical Center

Sales Team

deal image

Inquire

Listing provided by Revere CRE