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1213 N Brightleaf Blvd
Smithfield, NC 27577
 Mattress Firm | 7% Cap in 2023 | Raleigh MSA · Retail Property For Sale

Retail Buildings North Carolina Smithfield 1213 N Brightleaf Blvd, Smithfield, NC 27577

Investment Highlights

  • Recent Option Extension with Rental Increase in 2023 - Mattress Firm recently executed a 5-year option to extend their term to 2028 @ $103,200/yr
  • Outparcel to Centre Pointe Plaza - Centre Pointe Plaza is a major market driver within this dense corridor and has attracted 1.1M visitors in the TTM
  • Dense Retail Corridor - Directly adjacent to Smithfield Plaza (Walmart Supercenter, 2.7M visitors TTM), close proximity to investment grade tenants
  • Raleigh MSA - Located just over 30 miles outside of the Raleigh City Center, Smithfield will emerge as a top destination for affordability-seekers
  • High-Growth Demographics - 25.58% 3-mile population growth since 2010 | 20.71% 1-mile projected population growth through 2027
  • Large Parcel at Lighted Intersection with Huge Future Upside Given the Surrounding Cotenancy - The current rent is low for the market

Property Facts

Property Type
Retail
Property Subtype
Freestanding
Building Size
4,800 SF
Building Class
C
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.98 AC
Zoning
SUP
Parking
45 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
82’ on Brightleaf Blvd

Amenities

  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

Property Taxes

Parcel Number 14074001B Improvements Assessment $338,140
Land Assessment $819,630 Total Assessment $1,157,770

Property Taxes

Parcel Number
14074001B
Land Assessment
$819,630
Improvements Assessment
$338,140
Total Assessment
$1,157,770
 

  • Listing ID: 27245878

  • Date on Market: 12/5/2022

  • Last Updated:

  • Address: 1213 N Brightleaf Blvd, Smithfield, NC 27577

More public record information on 1213 N Brightleaf Blvd, Smithfield, NC 27577

The Retail Property at 1213 N Brightleaf Blvd, Smithfield, NC 27577 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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