Historical Retail Sale Listing - FULLY LEASED - Multi-Tenant Building on Capital

Retail For Sale

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FULLY LEASED - Multi-Tenant Building on Capital

3629 Capital Blvd., Raleigh, NC 27604

N/A

10,300 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
10,300 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Additional Sub-types:
Free Standing Bldg
Street Retail
Vehicle Related
Property Use Type:
Net Lease Investment with
5 years left on lease
Commission Split:
2.5%
Cap Rate:
10.08%
No. Stories:
2
Tenancy:
Multiple
Year Built:
2005
Lot Size:
0.92 AC
APN / Parcel ID:
1725279513
Parking Ratio:
5 / 1,000 SF
Listing ID
17812998
Last Updated
268 days ago

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

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.

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

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

  • Demographics – Population, income & other demographics near 3629 Capital Blvd.
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

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