Fayetteville Redevelopment is a land redevelopment asset located near downtown Fayetteville, NC. Carolina Capital (CC) purchased the property in December of 2021.
CC’s investment objective was to acquire a well-located, dark Rite Aid in a high barrier to entry market. This site benefits from strong traffic counts, proximity to downtown Fayetteville and superior positioning compared to other developable sites within this submarket.
CC plans to hold the asset as part of its retail land development portfolio and plans to develop single-tenant or small strip retail uses on this property.