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417 W Peace St - Cortland Glenwood South 45,600 SF Retail Condo Unit Offered at $19,480,000 in Raleigh, NC 27603
INVESTMENT HIGHLIGHTS
- Outstanding infill location | Only true grocer in downtown Raleigh
- Located at the ground floor of Cortland Glenwood South | Class A multifamily building | 417 units | Avg 95% occupancy | 12 Stories
- Attractive population density within a 5-mile radius | 232,759 residents
- Long lease term | 14.5 years remaining | Rare single-tenant grocery investment | Best-in-class grocer | Corporate guaranteed lease | Publix Super Mark
- Explosive population growth within a 1-mile radius | 51.23% from 2010- 2025
- Affluent surrounding area | $151,717 average household income within a 1-mile radius
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 100
| Unit Size | 45,600 SF | Sale Type | Investment |
| Price | $19,480,000 | Cap Rate | 6.00% |
| Price Per SF | $427.19 | NOI | $1,168,903 |
| Condo Use | Retail | No. Parking Spaces | 226 |
| Unit Size | 45,600 SF |
| Price | $19,480,000 |
| Price Per SF | $427.19 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $1,168,903 |
| No. Parking Spaces | 226 |
SALE NOTES
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Publix (Condo) in Raleigh, NC. We welcome your review of this attractive investment.
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (73)
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417 W Peace St - Cortland Glenwood South
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