Eutaw Village Shopping Center – Fayetteville, NC

Eutaw Village Shopping Center Fayetteville NC Aerial Map 1 Website

Eutaw Village Shopping Center Fayetteville NC Aerial Map 2 Website

Investment Offering Map View

Caribou Coffee, Carlie C's IGA, Cricket Wireless, Dollar Tree, USPS

2620 Bragg Blvd, Fayetteville, NC 28303, USA

Sands Investment Group is pleased to exclusively present the opportunity to acquire Eutaw Village Shopping Center, a 281,071 SF grocery-anchored center in Fayetteville, NC. Bragg Boulevard (31,225 VPD) is the primary corridor connecting Fayetteville to Fort Bragg, the largest U.S. military installation by population.

The center is anchored by Carlie C’s IGA, Dollar Tree and the U.S. Postal Service. It is supported by a daily needs mix of 90 in-place leases across three frontages on Bragg Boulevard, Elm Street, and Stamper Road. The property has longstanding tenants and is 88% occupied and generates over $2.6M in annualized in-place base rent. 33,733 SF of vacancy across 18 suites offers a buyer immediate lease-up upside.

Through lease-up of that vacancy and rolling in-place rents (averaging $10.44 PSF) to market, the underwriting projects a 7-year NOI CAGR of 9.40%, growing NOI from $1,777,137 in Year 1 to $3,332,582 in Year 8.

Anchored by the Nation’s Largest Military Installation: Eutaw Village sits on Bragg Boulevard, the main road connecting Fayetteville to Fort Bragg, the largest military installation in the country by population. Fayetteville State, Methodist University, and Fayetteville Tech are all a few minutes away too. That’s a demand base that doesn’t disappear in a downturn the way private employment can.
A Proven, Decades-Long Track Record of Tenant Demand: Dollar Tree has anchored this center since 2003. The Post Office and DMV have been here just as long. Tenants don’t stick around for two decades unless the location works.
A Clear Trajectory of Income Growth Over the Hold Period: NOI is projected to grow from about $1,777,137 million today to $3,525,785 in year 10, driven by contractual rent bumps and leases rolling to market.
Substantial In-Place Income on a Well-Leased Asset: The property is 88% leased across 91 tenants and brings in over $2.6 million in annual in-place rent. This is a working, cash-flowing asset, with additional lease up potential.
Grocery-Anchored and Built for Daily Traffic: Carlie C’s IGA anchors the grocery side of the center, and grocery shoppers come back week after week in a way most other retail categories can’t match. That steady traffic carries over to the dollar store, restaurants, salons, and service tenants around it. Eutaw Village functions less like a shopping center people visit and more like a place they pass through every week as part of their routine.
Continued Lease-Up Growth Still Ahead: There’s still roughly 33,733 square feet of vacant space to lease, giving a new owner a clear path to push income higher without a major capital project. A good number of the leases already in place are priced below today’s market, so renewals and new deals should keep pushing rents up as they roll. There’s real upside left in this deal beyond what the current rent roll already shows.
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