CORPORATE-BACKED LEASE: Recent 5-year extension demonstrating Foundever’s commitment to the Fayetteville market. Completed original 10-year term Build-to-Suit for Sykes Enterprises which commenced in December 2013.
STRONG WORLDWIDE TENANT: Foundever with 170,000 employees across 100+ locations globally and $4 billion in revenues. This building is 100% contracted by USAA and Verizon.
ATTRACTIVE 3% ANNUAL RENT INCREASES: Lease features rare 3% annual rent increases providing attractive rent growth during the lease term to hedge against inflation.
EXCELLENT ACCESS AND VISIBILITY: Facility is located on Raeford Road (US 401), a major east-west corridor which provides direct access to downtown Fayetteville.
DEMOGRAPHICS: Surrounded by dense residential developments. Over 148,000 residents and an average household income exceeding $54k within a five-mile radius