6612 Knightdale Blvd
Knightdale, NC 27545
BB&T Ground Lease · Retail Property For Sale

Steve Horvath and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale, BB&T Ground Lease in Raleigh (Knightdale Submarket), NC. We welcome your review of this attractive investment. Highlights are as follows: A- INVESTMENT GRADE CREDIT: As of September 30, 2016, BB&T is one of the largest financial services holding companies in the U.S. with $222.6 billion in assets and market capitalization of $30.6 billion. 8 MILES TO DOWNTOWN RALEIGH: BB&T has excellent frontage on Highway 64 which is direct travel route to the heart of downtown Raleigh. Located eight miles from center city, Knightdale has become an attractive suburb of East Raleigh over the recent years. EXPLOSIVE HOUSEHOLD & POPULATION GROWTH: The immediate submarket of Knightdale has seen explosive growth both in terms of population and households since 2000. Inside of a one-mile radius, population and households have grown by roughly 185% since 2000. In that same time frame, population and households have grown by 100% within three miles. This trend is expected to continue in the next five years as projections show 10% growth across the board. $63MM DEPOSITS: The subject BB&T has seen excellent deposit growth in recent years, and as of June 30, 2016, the branch holds $63MM in deposits. Since 2013, subject branch deposits have increased on average by 11% year over year. 2% ANNUAL RENT INCREASES: An investor will benefit from strong 2% annual rent increases. SHOPPING CENTER OUTPARCEL | STRONG NEIGHBORING TENANTS: BB&T is positioned as a corner outparcel at the signalized main entrance to a Lowes Foods anchored shopping center. Two separate power centers across the street and multiple outparcels line Highway 64. Nearby tenants include: Target, Home Depot, T.J. Maxx, Dick' s Sporting Goods, Ross, Chick-fil-A, PetSmart, REX Healthcare of Knightdale and several restaurants. This dense retail corridor not only attracts many consumers from Raleigh, but also those that live in more rural towns east of Knightdale.