Log In/Sign Up
Your email has been sent.
3001 Wakefield Crossing Dr 6,420 SF Retail Building Raleigh, NC 27614 $2,604,919 ($405.75/SF) 6.20% Cap Rate
Investment Highlights
- Significant 2.35-acre land position — a generous parcel offering meaningful underlying real estate value and long-term flexibility
- NNN lease through 2033 with 3% annual escalations — ~7 years remaining plus three 5-year renewal options
- PE-backed tenant platform — Atlantic Tire operates within Goodturn Tire & Auto (~70 locations / ~35 brands)
- High-traffic Falls of Neuse Road frontage — ±26,500 VPD with a Community Mixed Use future land use designation
- 2018 construction — a modern, well-maintained facility offering lower anticipated capital expenditure and strong physical appeal
- E-commerce-resistant, essential-service use — needs-based automotive service insulated from online retail
Executive Summary
A 6,420 SF automotive service facility on a 2.35-acre parcel, generating $161,505 in base rent effective July 17, 2026 ($25.16/SF). Offered at $2,604,919, a 6.20% CAP rate, the asset combines stable in-place income with 3% annual escalations and meaningful underlying land value. Its location within the master-planned Wakefield community reinforces long-term durability and tenant performance.
The property anchors North Raleigh’s Wakefield submarket along Falls of Neuse Road, which carries approximately 26,500 vehicles per day — the highest traffic count in the portfolio. Wakefield is a prominent master-planned community known for residential density, affluent demographics, and proximity to major commuter routes including US 1 and I-540. Sustained population growth, retail expansion, and a Community Mixed Use future land use designation continue to reinforce the corridor’s long-term trajectory.
The property anchors North Raleigh’s Wakefield submarket along Falls of Neuse Road, which carries approximately 26,500 vehicles per day — the highest traffic count in the portfolio. Wakefield is a prominent master-planned community known for residential density, affluent demographics, and proximity to major commuter routes including US 1 and I-540. Sustained population growth, retail expansion, and a Community Mixed Use future land use designation continue to reinforce the corridor’s long-term trajectory.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,420 SF
Building Class
C
Year Built
2018
Price
$2,604,919
Price Per SF
$405.75
Cap Rate
6.20%
NOI
$161,505
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.35 AC
Parking
40 Spaces (6.83 Spaces per 1,000 SF Leased)
Frontage
153’ on Wakefield Crossing Drive
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1739.01-18-3751-000 | Improvements Assessment | $2,051,044 |
| Land Assessment | $982,714 | Total Assessment | $3,033,758 |
Property Taxes
Parcel Number
1739.01-18-3751-000
Land Assessment
$982,714
Improvements Assessment
$2,051,044
Total Assessment
$3,033,758
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3001 Wakefield Crossing Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.