7126-7142 Knightdale Blvd
Knightdale, NC 27545
Knightdale Crossing · Retail Property For Sale

RTP Capital Advisors is proud to present Knightdale Crossing, a NNN leased shopping center located in the Raleigh MSA, one of the fastest growing markets in the country. Adjacent to the town’s only Walmart, the subject property is anchored by Big Lots and Aaron’s, both recently renewing their leases in a demonstration of their commitment to their location. With an estimated population increase of over 70% in the next 25 years, the Raleigh MSA is home to Research Triangle Park, one of the largest research parks in the country, as well as the major cities of Raleigh, Durham, and Chapel Hill. Bedroom communities such as Knightdale are a popular choice for those relocating to the area because of the high standard of living, affordable housing market, and accessibility to Raleigh. Since 2010, Knightdale’s population is estimated to have increased by over 29% and continues to be one of the fastest growing communities in the region. Located in the town’s main commercial district at a signalized intersection, the subject property has excellent accessibility and visibility as it fronts the highly traveled Knightdale Blvd (US Hwy 64), leading directly into Raleigh’s downtown. Major retailers nearby include Target, Lowe’s, Food Lion, popular restaurants, and many more. Approximately one mile west is Interstate 540, allowing Knightdale residents access to the greater Triangle region. In addition, planning for the final leg of Interstate 540 is currently underway to connect Knightdale with Holly Springs. At completion, this project will fully encircle Raleigh and provide Knightdale residents with even better accessibility to the area. Knightdale Crossing offers investors the opportunity acquire a NNN leased shopping center, well below replacement cost at $101 per square foot, in one of the most sought after markets in the country, the Raleigh MSA. We are pleased to offer this asset at a price of $6,413,000, representing a 7.50% cap rate on current occupancy of 95.59%.