For Sale
$9,980,000

921 Strickland Bridge RdFayetteville, NC 28304

Prime Fayetteville call center, NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 49,650-square-foot Class A call center in Fayetteville, North Carolina, currently 100% occupied by Foundever, a global leader with over 170,000 employees and $4 billion in revenue. The property boasts a strong corporate-backed, net lease with a remaining term of approximately 4.1 years, commencing January 1, 2024, and expiring December 31, 2028. The lease includes attractive 3% annual rent increases, providing built-in inflation protection. Located at 921 Strickland Bridge Rd, Fayetteville, NC 28304, on a 7.1-acre lot with 355 parking spaces, this single-story building (built in 2013) benefits from excellent visibility and access via a major east-west corridor. The property is zoned LC and features a robust surrounding demographic profile, with over 148,000 residents and an average household income exceeding $54,000 within a five-mile radius. The asking price is $9,980,000, representing a cap rate of 8.71% and a price per square foot of $201.01. This is a rare opportunity to acquire a high-quality, net-leased asset with a strong tenant and significant upside potential. The property's APN is 9496-99-4395. This investment is further strengthened by Foundever's recent 5-year lease extension, demonstrating their long-term commitment to the Fayetteville market.

Highlights

  • Corporate-backed, net lease with Foundever (170,000 employees, $4B revenue), recently extended for 5 years.
  • Strong tenant: Foundever, a global leader.
  • Attractive 3% annual rent increases built into the lease.
  • Excellent visibility and access on Raeford Road (US 401), a major east-west corridor.
  • Strong demographics: Over 148,000 residents within a 5-mile radius, average household income exceeding $54,000.

Property Details for 921 Strickland Bridge Rd

Property type
Specialty properties, Office properties
Square Feet
49,650 SF
Class
A
Year Built
2013
Stories
1
Lot Size (sq. ft)
309,276 SF

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.03960093
Longitude
-79.00063496
921 Strickland Bridge Rd, Fayetteville, North Carolina

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921 Strickland Bridge Rd
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