3211 Bramer Dr
Raleigh, NC 27604
Torchlight Academy · Industrial Property For Sale

Marcus & Millichap is pleased to offer the opportunity to acquire a 28,018-square foot single-tenant investment property leased to Torchlight Academy in Raleigh, North Carolina. Torchlight Academy is a charter school serving grades kindergarten through eighth grade and is open to any student living in the state of North Carolina. The absolute net lease has no landlord responsibilities, and six years remain on the term. The building was originally constructed in 1969 with renovations in 2006 and is situated on 1.62 acres. The subject property is located off of Atlantic Avenue approximately one mile north of Raleigh Beltline (Highway 440). Traffic counts are 25,800 vehicles per day on Atlantic Avenue. The surrounding area has many industrial and distribution centers. Raleigh Beltline is lined with numerous national and regional retailers, including Ross Dress for Less, Costco, Advance Auto Parts, Staples, Lifetime Fitness, Trader Joe’s, The Melting Pot, Applebee’s, Napa Auto Parts, Courtyard by Marriott, Hampton Inn, Extended Stay America, Days Inn, Hilton, Residence Inn, Denny’s, and more. The surrounding area is densely populated with more than 227,300 residents within five miles of the property. The five-mile average household income exceeds $73,380. Raleigh is the capital city of North Carolina and the county seat of Wake County and is one of the fastest-growing cities in the country. Raleigh, Durham and Chapel Hill are known for their research/technology roots and collegiate rivalries, home to North Carolina State University, Duke University, and the University of North Carolina, respectively. This tri-city region (known as the Triangle) is luring new residents every day with strong job growth and a high quality of life.