3629 Capital Blvd.
Raleigh, NC 27604 ·
10,300 SF · Retail For Sale
FULLY LEASED - Multi-Tenant Building on Capital
|Gross Leasable Area||10,300 SF||Tenancy||Multiple|
|Property Type||Retail||Year Built||2005|
|Lot Size||0.92 AC|
|Property Use Type||Net Lease Investment with 5 years left on lease||APN / Parcel ID||1725279513|
|Commission Split||2.5%||Parking Ratio||5 / 1,000 SF|
|Listing ID: 17812998||Date Created: 08/30/2012||Last Updated: 01/30/2014|
$150K+ PRICE REDUCTION!!!
FULLY LEASED BUILDING ON CAPITAL BLVD!
10,300 SF building for sale. Annual Rent escalations 3-5% per year. Significant renovations in 2011. Current Income: ~$10,497/ month plus TICAM. Excellent long term hold multi-tenant retail building in the heart of Capital Blvd
Building underwent $350,000 renovation in 2010.
Excellent location on Capital Blvd. with 62,000 Vehicles per day.
- $350K+ in Renovations in 2011
- High Traffic Count - 62K VPD
- Great Demographics - 200K population draw in 5 mile radius
- Projected population growth is 17.7% in 1 mile radius over the next 4 years
- Median 5-mile HHI - $53,000
- FULLY LEASED Building
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