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Highland Executive Building 2500 Raeford Rd 18,873 SF 100% Leased Office Building Fayetteville, NC 28305 $2,125,000 ($112.59/SF) 8.29% Cap Rate
Investment Highlights
- High traffic exposure with 30,000 VPD on Raeford Rd and 21,000 VPD on Robeson St.
- Professionally managed, reducing operational complexity for ownership.
- Directly Across the Street from Highland Country Club and surrounded by coveted neighborhoods with some of the regions most valuable $1,000,000+ homes
- 100% Leased and Located in an amenity-rich location with national retailers, financial institutions, and dining within walking distance.
- Located on a 0.92-acre parcel directly adjacent to a 1.54-acre parcel that transacted for $10.25 million in 2022.
Executive Summary
The Highland Executive Buildings at 2500 and 2504 Raeford Road present a rare opportunity to acquire a fully stabilized, multi-tenant office investment within one of Fayetteville’s most established commercial corridors. This 0.93-acre property encompasses two renovated two-story office buildings totaling over 18,800 square feet and is 100% occupied by 28 tenants across diverse business sectors, offering consistent income with minimal risk.
An out-of-state owner bought the property and aggressively turned over approx. 50% of the existing tenant base in 2024 & 2025. They solved the building's dated mechanical issues and significantly refreshed/remodeled units, replaced a roof, and modernized the HVAC system. There is still rent upside with the new higher quality tenant base, as the property offers value to tenants beyond current rents vs market rents.
Recent capital improvements exceeding $170,000 since 2024 include HVAC upgrades, common area enhancements, and roof replacements, positioning the property for sustained long-term performance. The buildings are professionally managed and leased by Grant Murray Real Estate, ensuring operational efficiency and tenant satisfaction.
Perfectly situated along Raeford Road’s high-visibility corridor with traffic counts over 30,000 vehicles per day, the property benefits from proximity to Fort Bragg—the largest military installation in the United States—and the exclusive Highland Country Club. Tenants and visitors enjoy immediate access to a dense amenity base with national retailers, banks, dining, and service providers within walking distance.
This investment offers an in-place NOI of $176,248 with an 8.30% cap rate and upside potential through future lease adjustments, making it a compelling option for investors seeking stable cash flow and long-term appreciation in a thriving North Carolina growth market.
An out-of-state owner bought the property and aggressively turned over approx. 50% of the existing tenant base in 2024 & 2025. They solved the building's dated mechanical issues and significantly refreshed/remodeled units, replaced a roof, and modernized the HVAC system. There is still rent upside with the new higher quality tenant base, as the property offers value to tenants beyond current rents vs market rents.
Recent capital improvements exceeding $170,000 since 2024 include HVAC upgrades, common area enhancements, and roof replacements, positioning the property for sustained long-term performance. The buildings are professionally managed and leased by Grant Murray Real Estate, ensuring operational efficiency and tenant satisfaction.
Perfectly situated along Raeford Road’s high-visibility corridor with traffic counts over 30,000 vehicles per day, the property benefits from proximity to Fort Bragg—the largest military installation in the United States—and the exclusive Highland Country Club. Tenants and visitors enjoy immediate access to a dense amenity base with national retailers, banks, dining, and service providers within walking distance.
This investment offers an in-place NOI of $176,248 with an 8.30% cap rate and upside potential through future lease adjustments, making it a compelling option for investors seeking stable cash flow and long-term appreciation in a thriving North Carolina growth market.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,873 SF
Building Class
B
Year Built/Renovated
1957/2024
Price
$2,125,000
Price Per SF
$112.59
Cap Rate
8.29%
NOI
$176,248
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,437 SF
Slab To Slab
12’
Building FAR
0.47
Lot Size
0.92 AC
Opportunity Zone
Yes
Zoning
CC - Zoned CC (Community Commercial), providing for a broad range of retail, office, and service-oriented uses along a major commercial corridor
Parking
55 Spaces (3.25 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Signage
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,136,469 | |
| Land Assessment | $523,155 | Total Assessment | $1,659,624 |
Property Taxes
Parcel Numbers
Land Assessment
$523,155
Improvements Assessment
$1,136,469
Total Assessment
$1,659,624
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