Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
7043791967 Office
7043791988 Fax
webb@berkeleycap.com
   
Cape Fear Plaza

OFFERING SUMMARY

Cape Fear Plaza is strategically positioned on the business section of Interstate 95, a half mile south of the major intersection of Interstate 95 Business and Highway 24/210. The traffic count in cars per day is 23,000 on Interstate 95 Business, and 43,000 on Highway 24/210

SUBMARKET OVERVIEW

Fayetteville is the 6th largest city and the 5th largest metropolitan area in North Carolina. It is among the fastest-growing areas in the state. The population of the Fayetteville area, which includes Fort Bragg and Pope Air Force Base, is just over 300,000. Fayetteville, with over 120,000 residents, is Cumberland County's county seat and its largest municipality.

 

DEMOGRAPHICS
   
  1-Mile 3-Mile 5-Mile  
2011 Projection: 2,938 24,769 70,521  
2006 Estimate: 2,960 25,279 71,803  
OFFERING MEMORANDUM & FILES
Cape Fear Plaza Offering Memorandum
 
Profiles
  Map/Directions
Name: Cape Fear Plaza
Size: 115,842 square feet
Market: Fayetteville, North Carolina
Year Delivered: 1985/1987
Land Size: +/- 9.51 acres
Leasing Status: 97% leased
Major Tenants: Food Lion (25,000 sf) and Roses (54,000 sf)
Debt: Existing Debt - Prepayable
   
   
NET OPERATING INCOME $546,860
   
CAP RATE -
   
OFFERING PRICE Unpriced
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