This Retail Property is Off-Market.

3629 Capital Blvd.
Raleigh, NC 27604 ·

10,300 SF · Retail For Sale

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FULLY LEASED - Multi-Tenant Building on Capital

Price N/A No. Stories 2
Gross Leasable Area 10,300 SF Tenancy Multiple
Property Type Retail Year Built 2005
Property Sub-type
Strip Center
More...
  • Free Standing Bldg
  • Street Retail
  • Vehicle Related
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
Cap Rate 10.08%
Listing ID: 17812998 Date Created: 08/30/2012 Last Updated: 01/30/2014

Description

$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.

Highlights

  • $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

Research

3629 Capital Blvd., Raleigh, NC 27604 (Wake County)

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