Northgate Shopping Center

$17,950,000

3725 Ramsey Street, Fayetteville, NC 28311

For Sale

Retail Community Center

Pending

Last Updated: 02/28/2025

Details:

Cap Rate: 7.75%

NOI: $1,391,139

Building Size: 241,668 sqft

Lot Area: 29.41 acres

Year Built: 1989

Price Per Sqft: $74.28

Tenancy: Multiple

Year Last Renovated: 2016

Offered by

Joe Caccamo

Partner

CP Partners

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Scott Reid

The Kase Group

Highlights:

Northgate Shopping Center had 2.3 million visits in the last 12 months per Placer.ai
Ramsey Street (44,090 VPD) is 2 miles from Interstate 295, spanning the City of Fayetteville and a connector to Interstate 95
Strong national and regional daily-needs tenants include Ross, Ollie’s Bargain Outlet, Rent-A-Center, Wells Fargo, UPS, Subway, Papa John’s and CrossFit Intrinsic
Desirable outparcel tenancy: Advanced Auto Parts and Hobby Town. Additionally the center is supported by outparcel tenants that are not part of the subject property: McDonald’s, Cookout, Weiner Works and Firestone Tires
Fort Liberty’s base-supported population of 251,646 has a massive economic impact on the Fayetteville region totaling $8.1 billion dollars annually, as well as a $66 billion annual impact at the state level
243,894 people live within a 10-mile radius of the shopping center

Description:

A highly established, value-play acquisition opportunity on a major retail corridor in a high-growth, mission-critical military town, priced well below replacement cost. Northgate Shopping Center is a bustling, highly established retail venue on high-traffic Ramsey Street in Fayetteville. It’s adjacent to a top 5% Lowe’s Home Improvement, near Walmart Supercenter at a signalized intersection with multiple points of ingress/egress. Fort Liberty (formerly Ft. Bragg) has a $66 billion statewide economic impact with a 251,646 base supported population.