6467 Yadkin Rd, Fayetteville, NC 28303

Significant Industrial Investment Driving Job Growth

Fayetteville is experiencing meaningful industrial expansion, including Yeadon Fabric Domes’ $4.6M relocation creating ~72 jobs and Project Aero, a planned 500,000 SF titanium manufacturing facility representing $867M in capital investment and ~300 new jobs. These projects enhance the region’s advanced manufacturing base and strengthen long-term employment demand.

Value-Add Opportunities

Ownership has already demonstrated the property’s value-add potential through a successful renovation program, including 10 fully renovated units and 17 lightly upgraded units, while only 3 classic units remain. Renovated comparable properties in the market are achieving rents of approximately $1,000 per unit, compared to Kensington’s current average rent of $831, highlighting a clear opportunity for additional rent growth. By completing full interior renovations across the remaining classic and partially upgraded units, new ownership can further elevate the asset and capture this proven upside.

Proximity to Major Retail

Kensington Court sits within 15 minutes of Fayetteville’s premier retail corridor anchored by Cross Creek Mall, a 1.05M SF super-regional center with Belk, Macy’s, and JCPenney. The corridor also includes Cross Pointe Center (226K SF) featuring T.J. Maxx, Ulta Beauty, and Ashley HomeStore, and Freedom Town Center (385K SF), a lifestyle destination anchored by Dick’s House of Sport, HomeGoods, Home Depot, and Target. Together, these centers provide top-tier shopping options, daily-needs convenience, and a strong retail employment base.

Durable Employment Base

Fayetteville’s economy is driven by Fort Bragg, one of the world’s largest military installations supporting ~63,200 jobs, complemented by major institutional employers including Cumberland County Schools (5,800 jobs) and Cape Fear Valley Health System (5,200 jobs). The market is further supported by large private-sector anchors such as Walmart (4,300 jobs) and Goodyear Tire & Rubber (2,100 jobs), creating a stable mix of federal, education, healthcare, retail, and manufacturing employment that reinforces long-term renter demand.

Proximity to Major Healthcare Employers Serving Civilian and Military Populations

Kensington Court is within 15 minutes of two of Fayetteville’s largest medical employers: Cape Fear Valley Health, a 950-bed system with 7,850 employees, and the Fayetteville VA Medical Center, a 127-bed, 2,254-employee facility serving veterans and active-duty families. Together, these institutions provide essential care for both civilian and military populations while generating stable, year-round housing demand from healthcare workers and service members across the region.