Convergys Customer Management Group

4329 Western Boulevard - Jacksonville NC 28546

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	0.000%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type
Loan Amount	$0.00	Property Type	Office
Payment	$0.00	Property Lease	Call Center
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors this +/- 61,684 square-foot, single-tenant call center facility located in Jacksonville, North Carolina (the “Property”) and leased to Convergys Customer Management Group, Inc. (the “Tenant”). Located in a booming corridor surrounded by many of the country’s predominant retailers, the Property sits on 10.19 acres with abundant, retail-like street frontage and 9.9 parking spaces per 1,000 square-feet, providing the Property various alternative uses. The Property is located in one of the fastest-growing areas of Onslow County and serves as the Tenant’s fourth best performing call center of nearly 200 in 31 countries including North America, Latin America, Europe, and Asia.Originally constructed in 1996 as a build to suit for the Tenant, the Property is constructed of concrete tilt-up panels and is 100% leased to the Tenant under a double net (NN) lease with a newly renewed five (5) year term and one (1), three (3) year option to extend. At $7.52 PSF, the Tenant’s rent is in line with the market providing the ability for an owner to meet or increase the rent with a new tenant in the future should the Tenant ever vacate. The property is located near Camp Lejeune, a 246-square-mile military base that is “The World’s Largest and Most Complete Amphibious Training Base” and reported an economic impact to the county of $4.3 billion in 2013. Due in part to the influx of retailers in conjunction with the continual expansion of Camp Lejeune Marine Corps base, Forbes ranked Jacksonville as the fifth fastest-growing small city of 2014. The location near Camp Lejeune is strategic and in-line with the Tenant’s support of military hiring programs, with the Tenant being a member of such organizations as Joining Forces, Milicruit, CompTIA, and the Military Spouse Employment Partnership (MSEP).

Highlights

Construction – The offering is constructed of quality precast concrete tilt-up panels.Site – The building is located in a booming…

Property Description

Jacksonville is the county seat of Onslow County, North Carolina and is the 14th largest city in the state. In 2014, Forbes magazine ranked Jacksonville as the fifth fastest-growing small city in the United States. The city has been dubbed the youngest city in the US with an average age of 23 years old, which can be attributed to the large military presents from the US Marine Corps Base Camp Lejeune and the Marine Corps Air Station New River.