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1043 Robeson St, Fayetteville, NC, 28305

TruGreen
Closed

Key Information

Cap Rate
6.75%
$ per SF
$132
Tot. SF
12,000
Year Built
1988/ R 2022
Term Remaining
±7.5 Yrs
Type
Industrial

Highlights

National Brand Tenancy

  • TruGreen, the nation’s largest lawn care provider, operates over 315 locations across the U.S. and serves more than 2.3 million residential and commercial customers. The company reports estimated annual revenues exceeding $2.9 billion.

Corporate Backed Lease

  • TruGreen has maintained occupancy at this location since 1988 and executed an 11-year long-term lease renewal in 2022. Equipped with ±2.00% rent increases annually, the NN+ lease structure minimizes landlord responsibilities and is corporately guaranteed by TruGreen Limited Partnership.

Recent Capital Improvements

  • Significant upgrades completed in 2022–2023 include parking lot improvements, interior renovations, roof repairs (roof warranty till 2030), and more

Functional Industrial Facility

  • This ±12,000 SF building on ±1.42 acres has a 19% building-to-lot coverage ratio, providing rare Industrial Outdoor Storage (IOS) capabilities. Constructed with metal/steel framing and concrete block/brick, the facility includes 8 grade-level doors, and 17- foot clear height.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203