5112 Yadkin Rd, Fayetteville, NC 28303images2.loopnet.com/d2/nvn6GmVbT1...grant-murray real estate,...

F O R M E R R E S TA U R A N T / N I G H T C L U B O N YA D K I N R D

5112 Yadkin Rd, Fayettevi l le , NC 28303

for more information PAT R I C K M U R R AY, C C I M , C L S

Principal / Broker in ChargeO: 910.829.1617 x202C: [email protected]

150 N. McPherson Church RdFayetteville, NC 28303

www.grantmurrayre.com

R ETAIL PROPERT Y FOR LEA SE

for more information P AT R I C K M U R R AY, C C I M , C L S


OFFERING SUMMARY

Available SF: 5,700 SF

Lease Rate: $12.00 SF/yr (NNN)

Lot Size: 2.64 Acres

Year Built: 1981

Building Size: 5,700

Renovated: 2013

Zoning: CC

Submarket: Yadkin Rd Corridor

Traffic Count: 21,000

This 5,700+ SF freestanding building is available for lease for $12.00/SF (NNN). It

was most recently used as a nightclub but has a full kitchen which still has most of

the kitchen equipment making this a great opportunity to open a restaurant or club

easily. The property is zoned CC and has a shared parking area with the neighboring

businesses. Applicants must have prior restaurant and/or bar ownership experience.

PROPERTY OVERVIEW

The property is located in the Yadkin Plaza development on the northbound side of

Yadkin Rd. The gate leading into Fort Bragg is about two miles to the north and the

Cross Creek Mall area along Skibo Rd is about one mile to the south. Yadkin Rd is a

busy commercial corridor which has a traffic count of 21,000 cars daily (2016) and a

daytime population of over 64,000 in a three mile radius.

LOCATION OVERVIEW

Former Restaurant/Nightclub on Yadkin Rd5 1 1 2 YA D K I N R D , F AY E T T E V I L L E , N C 2 8 3 0 3

E XEC U T IVE SU MMA RY




FLO O R PL A NS




A D D IT I O NA L PH OTOS




FLO O R PL A NS




LO CAT I O N MA PS

Executive Summary5112 Yadkin Rd, Fayetteville, North Carolina, 28303 Prepared by Patrick Murray, CCIM, CLSRings: 1, 3, 5 mile radii Latitude: 35.08361

Longitude: -78.97134

1 mile 3 miles 5 milesPopulation

2000 Population 7,069 59,857 151,8342010 Population 7,185 60,929 145,3762017 Population 7,400 61,065 144,9902022 Population 7,554 61,898 146,5802000-2010 Annual Rate 0.16% 0.18% -0.43%2010-2017 Annual Rate 0.41% 0.03% -0.04%2017-2022 Annual Rate 0.41% 0.27% 0.22%2017 Male Population 49.8% 48.5% 47.9%2017 Female Population 50.2% 51.5% 52.1%2017 Median Age 32.9 31.3 31.7

In the identified area, the current year population is 144,990. In 2010, the Census count in the area was 145,376. The rate of change since 2010 was -0.04% annually. The five-year projection for the population in the area is 146,580 representing a change of 0.22% annually from 2017 to 2022. Currently, the population is 47.9% male and 52.1% female.

Median Age

The median age in this area is 32.9, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 37.4% 41.7% 43.0%2017 Black Alone 46.0% 41.6% 42.3%2017 American Indian/Alaska Native Alone 0.6% 0.9% 1.0%2017 Asian Alone 4.9% 4.8% 3.5%2017 Pacific Islander Alone 0.5% 0.6% 0.4%2017 Other Race 4.8% 4.7% 4.1%2017 Two or More Races 5.8% 5.7% 5.6%2017 Hispanic Origin (Any Race) 15.5% 14.1% 12.9%

Persons of Hispanic origin represent 12.9% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 71.7 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 2,942 23,272 54,5462010 Households 3,313 25,695 58,5072017 Total Households 3,442 26,094 59,2622022 Total Households 3,528 26,575 60,1392000-2010 Annual Rate 1.19% 1.00% 0.70%2010-2017 Annual Rate 0.53% 0.21% 0.18%2017-2022 Annual Rate 0.49% 0.37% 0.29%2017 Average Household Size 2.15 2.31 2.38

The household count in this area has changed from 58,507 in 2010 to 59,262 in the current year, a change of 0.18% annually. The five-year projection of households is 60,139, a change of 0.29% annually from the current year total. Average household size is currently 2.38, compared to 2.40 in the year 2010. The number of families in the current year is 37,199 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

June 18, 2018

©2018 Esri Page 1 of 2

Executive Summary5112 Yadkin Rd, Fayetteville, North Carolina, 28303 Prepared by Patrick Murray, CCIM, CLSRings: 1, 3, 5 mile radii Latitude: 35.08361

Longitude: -78.97134

1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $47,493 $45,235 $42,8012022 Median Household Income $52,332 $48,775 $45,5842017-2022 Annual Rate 1.96% 1.52% 1.27%

Average Household Income

2017 Average Household Income $56,892 $62,702 $59,6222022 Average Household Income $64,837 $69,477 $66,4312017-2022 Annual Rate 2.65% 2.07% 2.19%

Per Capita Income2017 Per Capita Income $26,060 $26,964 $24,7442022 Per Capita Income $29,845 $29,994 $27,6122017-2022 Annual Rate 2.75% 2.15% 2.22%

Households by IncomeCurrent median household income is $42,801 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $45,584 in five years, compared to $62,316 for all U.S. households

Current average household income is $59,622 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $66,431 in five years, compared to $91,585 for all U.S. households

Current per capita income is $24,744 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $27,612 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 3,222 25,830 59,8262000 Owner Occupied Housing Units 1,545 11,809 28,4162000 Renter Occupied Housing Units 1,397 11,463 26,1302000 Vacant Housing Units 280 2,558 5,280




Currently, 37.1% of the 68,957 housing units in the area are owner occupied; 48.8%, renter occupied; and 14.1% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 64,996 housing units in the area - 42.4% owner occupied, 47.7% renter occupied, and 10.0% vacant. The annual rate of change in housing units since 2010 is 2.66%. Median home value in the area is $122,629, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 0.81% annually to $127,706.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

June 18, 2018

©2018 Esri Page 2 of 2

Grant-Murray Real Estate, LLC

150 N McPherson Church Rd, Fayetteville, NC 28303

Office (910) 829-1617 Fax (910) 323-3607

THIS FORM DOES NOT OBLIGATE EITHER PARTY TO THE PERFORMANCE OF A CONTRACT FOR LEASEHOLD PROPERTY. IT IS PURELY FOR INFORMATION AND DOES NOT CONSTITUTE AN OFFER TO LEASE PROPERTY OR ANY NEGOTIATION FOR SUCH PURPOSE.

COMMERCIAL LEASE APPLICATION

PERSONAL INFORMATION:

Applicant Name: ______________________________________________________________________________

Date of Birth: ___________________________________ SS #: ________________________________________

Driver's License Number and State: _______________________________________________________________

Home Phone: _________________________________ Business Phone: _________________________________

Mobile Phone: _________________________________ Email Address: __________________________________

RESIDENCE HISTORY FOR LAST THREE (3) YEARS:

Present Address: ______________________________________________________________________________

How long: ____________ years, ______________ months

Present Landlord or Mortgagee: __________________________________________PH: _____________________

Prior Address: _________________________________________________________________________________

How long: ____________ years, ______________ months

PREVIOUS BUSINESS EXPERIENCE IF APPLICABLE:

Name of Company: _____________________________________________________________________________

Address: _______________________________ ______________________________________________________

Type of Business: _________________________________________ Annual Gross Income __________________

Supervisor: ______________________________________________________ PH: _________________________

Dates of operation: _____________________________________________________________________________

APPLICANT EMPLOYMENT FOR LAST TWO YEARS:

Name of Company: _____________________________________________________________________________

Address: ______________________________________________________________________________________

Position: ___________________________________________________ Monthly Income ____________________

Supervisor: ______________________________________________________ PH: _________________________

(Use separate sheet, if necessary)

PROPOSED BUSINESS:

Name: _______________________________________________________________________________________

Purpose of Business: ___________________________________________________________________________

Corporation/Sole Proprietorship/LLC/Other: _________________________________________________________

$35 application fee paid Yes □ No □ (NO CASH-Checks only made payable to Grant-Murray Real Estate)

I certify that the above statements are true and correct. I authorize you to obtain such information as you may require concerning this application. I do hereby acknowledge that Grant-Murray Real Estate, LLC retains the right to run either a credit or criminal background check.

__________________________________________ _______________________

Signature Date

Please fax back to (910) 323-3607 or deliver to our office.

Grant-Murray Real Estate, LLC

150 N McPherson Church Rd, Fayetteville, NC 28303

Office (910) 829-1617 Fax (910) 323-3607

THIS FORM DOES NOT OBLIGATE EITHER PARTY TO THE PERFORMANCE OF A CONTRACT FOR LEASEHOLD PROPERTY. IT IS PURELY FOR INFORMATION AND DOES NOT CONSTITUTE AN OFFER TO LEASE PROPERTY OR ANY NEGOTIATION FOR SUCH PURPOSE.

Assets Dollars Jt* Assets Dollars Jt*

Cash and Short-term Investments Outstanding Credit Card Balances

Stocks & Bonds Taxes payable

Unlisted Securities Policy Loan (life insurance)

Notes Receivable & Accounts Receivable Mortgages & Obligations Due

Cash Surrender Value-Life Insurance Notes & Accounts Payable

General/Ltd. Partnership Interests Other Liabilities (list):

Retirement Accounts

Personal Property

Automobiles

Real Estate-Personal Residences

Real Estate-Investments

Real Estate Investments (Direct & Partnership Interests) TOTAL LIABILITIES

Other Assets (list):

NET WORTH (total assets minus total liabilities)

TOTAL ASSETS

Annual Income Applicant Annual Expenses Applicant

Salary Home Mortgage (Principal & Interest)

Bonus & Commissions Loan Payments (Including other R/E)

Interest & Dividends Income Tax (State & Federal)

Alimony, Separate Maintenance, Child Support

Planned or Required Investments/Partnership Contributions

Capital Gains General Living Expenses

Real Estate Income Other Expenses (list):

Other Income (list):

GROSS INCOME TOTAL EXPENSES

5112 Yadkin Rd, Fayetteville, NC 28303images2.loopnet.com/d2/nvn6GmVbT1...grant-murray real estate,...

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