FAYETTEVILLE, NC – New York-based Triple Net Group has sold a 350,800-square-foot, grocery-anchored shopping center in Fayetteville, NC for $83 million.
The asset, Freedom Town Center, sold to an investment group in a 1031 exchange for a sales price that represents $236 per square-foot.
Freedom Town Center is more than 99% occupied by tenants, such as Sprouts, Dick's Sporting Goods, Hobby Lobby, Field & Stream, Home Goods, Burkes Outlet, Petco, Buy Buy Baby, DSW, World Market, Five Below, Osh Kosh B'Gosh and Five Guys.
Recommended For You
Constructed in 2017, the shopping center serves more than four million customers annually.
Situated on 38 acres of land in the city's main retail area, the property is located near downtown Fayetteville and Fort Bragg, one of the world's largest military bases.
Steven Siegel, senior managing director at Institutional Property Advisors, a division of Marcus & Millichap, arranged the sale on behalf of the principals. Regional manager and VP, Ben Yelm is Marcus & Millichap's broker of record in North Carolina.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
