921 Strickland Bridge RdFayetteville, NC 28304
- Other commercial real estate
- 49,691 SF
Property Details for 921 Strickland Bridge Rd
- Year built
- 2013
- Lot size
- 7.09 AC
- Property size (Sq ft)
- 49,691 SF
- Zone code
- LC
- Property type
- Other commercial real estate
- APN
- 9496-99-4395
- APU
- 9496994395
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $14,268,456
- Hospitality
- $13,069,829
- Educational
- $10,873,944
- Medical
- $11,247,916
- Retail
- $16,915,024
Location Insight
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Latitude
- 35.0399
- Longitude
- -79.0018
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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