Join Our Email List

x
Email Capture
Sending
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

Submit Your 1031 Exchange Requirements

x
1031 Exchange
Sending

Shoppes on Capital, Raleigh, NC

Shoppes on Capital

Raleigh, NC

Price $11,010,000
Cap Rate 6.40%
NOI $704,690
Lease Term Various
Lease Type NNN
Rental Increases Various
Year Built 2016
Building Size 19,388 SF
Lot Size 3.25 Acres (141,570 SF)
Status Available
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with North Carolina-licensed real estate broker Stewart Realty, LLC.

Investment Highlights

100% LEASED RETAIL CENTER WITH STRONG NATIONAL TENANTS
» 100% leased to national tenants with strong brand recognition
» Multi-tenant center offers investment diversification
» Scheduled rental increases for all tenants, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located at signalized hard corner, with excellent access and visibility to over 53,000 vehicles per day
» Convenient access to Interstate 540, a heavily trafficked highway, with 68,000 vehicles per day
» Within walking distance of several large retail centers, including a mall with 1.5 million square feet of retail space
» Major national tenants in the area include Super Target, Walmart Supercenter, Home Depot, Lowe’s, Macy’s, Sam’s Club, AMC Theatres, Best Buy, Hobby Lobby, and many others

CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» Close proximity to downtown Raleigh
» Surrounded by large industrial parks and major employers
» 196,160 residents and 119,488 daytime employees within a five-mile radius
» Near Millbrook High School, with 2,571 students, and less than half a mile from East Millbrook Middle School, with 985 students

NEW 2016 CONSTRUCTION
» High-quality construction completed in 2016
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

The property is located at the signalized hard corner of Capital Boulevard and Oak Forest Drive, with excellent visibility and access to over 53,000 vehicles per day directly in front of the property. Convenient access to Interstate 540, a heavily trafficked highway with an average traffic count of 68,000 vehicles per day, is located less than a mile from the property. Capital Boulevard is a dense retail corridor, and the property is located near a number of large retail centers. The property is within walking distance of Triangle Town Center, a shopping mall with over 1.5 million square feet of retail space and five anchor tenants: Belk, Dillard’s, Macy’s, Sears, and North Carolina’s first Saks Fifth Avenue. Other major shopping centers located within walking distance of the property include Poyner Place, anchored by Super Target, Toys “R” Us, and Ross; Capital Crossing, anchored by At Home, Sam’s Club, Lowe’s, and Conn’s; and Plantation Point, anchored by BJ’s Wholesale Club, Big Lots, and Marshalls.

The property is centrally located and is bolstered by robust demographics. The property is located just eight miles from downtown Raleigh and is close to several industrial parks. The property is also surrounded by residential neighborhoods and is near several schools; East Millbrook Middle School, with 985 students, is less than half a mile from the property, and Millbrook High School, with 2,571 students, is just over a mile away. In total, 196,160 residents live and 119,488 daytime employees work within a five-mile radius of the property, providing a large customer base.

Contact Us About This Property

Ryan & Vince Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link