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Conyers Investor Acquires Tractor Supply Property In Castle Hayne For $6.98M With Calvin Short As Seller's Rep

Property Image
SOLD
$6,980,000

North Carolina

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Retail21,930 SF
Sold 09/26/2025
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Property Image
SOLD

Conyers Investor Acquires Tractor Supply Property In Castle Hayne For $6.98M With Calvin Short As Seller's Rep

3400 Castle Hayne Road

See Similar Deals
Retail21,930 SF
Sold 09/26/2025
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Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$318
Total Square Footage:21,930 SF
Transaction Type:Sale

The asset involved in this transaction is a retail property located at 3400 Castle Hayne Road in Castle Hayne, NC. The property spans 11.5 acres and has a square footage of 21,930. The sale was completed for a price of $6,980,000, resulting in a price per square foot of $318.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,980,000
  • Square Footage: 21,930
  • Acres: 11.5
  • Address: 3400 Castle Hayne Road
  • Market: Castle Hayne, NC
  • Buyer's Representative: Pierce Mayson - Matthews
  • Seller's Representative: Calvin Short - SRS Real Estate Partners

The sale involved a 14-year corporate-guaranteed lease for the property. The seller was a developer based in Pinehurst, NC, while the buyer was a private investor from Conyers, GA, who acquired the asset through a 1031 exchange.

Players

Pierce Mayson
18 deals$242.4M volume(770) 241-2232
BROKER

Calvin Short
SRS Real Estate Partners
4 deals$41M volume(949) 506-2009
BROKER

SRS Real Estate Partners
BROKERAGE

Matthews
BROKERAGE

Details

SOLD
IMAGE: 09/26/2025 ADDRESS: 3400 Castle Hayne Road MARKET: Castle Hayne, NC ASSET TYPE: Retail ~ ACRES: 11.5 BUYER'S REP: Pierce Mayson - Matthews SELLER'S REP: Calvin Short - SRS Real Estate Partners SALE PRICE: $6,980,000 SF: 21,930 ~ PPSF: $318 NOTE: SRS Real Estate Partners arranged the $6.98M sale of a 21,930-sf Tractor Supply property in Castle Hayne, NC, on a 14-year corporate-guaranteed lease. The seller was a Pinehurst, NC-based developer, while a Conyers, GA-based private investor acquired the asset through a 1031 exchange.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,798.46
Cash-on-Cash Return-1.27%
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