2900-2950 E Millbrook Rd
Raleigh, NC 27604
Retail Property For Sale
Property Facts
About 2900-2950 E MILLBROOK RD , RALEIGH, NC 27604
The Offering: Trinity Partners on behalf of the owner, is pleased to serve as the exclusive advisor for the sale of Capital Crossing in Raleigh, NC. This multi-tenant retail investment opportunity is comprised of 63,500 SF (leased to Conn's HomePlus) and 20,200 SF (leased to El Mandado Supermercados). The offering is part of a larger development with co-tenants including AC Moore, K&G Fashion, Lowe's Home Improvement, Chick-Fil-A, Sam's Club, and Petsmart. It is strategically located in the primary retail corridor of Capital Boulevard with traffic counts of 40,000 vehicles per day. Investment Highlights: * Stabilized cash flow, 100% occupied to two tenants with long-term leases * Prominent location in heavily trafficked and commuter corridors in the Raleigh MSA * Over 200,000 people within a 5-mile radius * Fee simple ownership with NNN lease structure * Value add opportunity for additional retail space as ground lease development Investment Summary: Rentable Area: 83,700 SF Property: Multi-tenant retail Percentage Leased: 100% Tenants: Conn's HomePlus and El Mandado Supermercados Lease Term: 10 year (average) Pro Forma NOI: $902,510.00 Actual NOI: $832,510.00 SALE PRICE: $10,199,999.00
Property Taxes
| Parcel Number | 1726.14-44-1109-000 | Improvements Assessment | $3,004,325 |
| Land Assessment | $2,315,006 | Total Assessment | $5,319,331 |
Property Taxes
