2.70 Acres

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2.70 Acres

Raleigh, NC 27612
Asking Price
$6.00M
Asset Type
Retail
Class
Class B

What's Special

Located at a 2.70-acre site in Raleigh, North Carolina, this property sits within a high-growth corridor characterized by a blend of established residential neighborhoods and modern commercial development. The parcel offers proximity to major regional shopping centers and essential service hubs, ensuring steady consumer traffic. Its location provides efficient access to the I-440 beltline and major arterial thoroughfares, connecting the site to the broader Research Triangle region. The surrounding infrastructure supports high visibility and ease of entry for commuters and local residents alike. The site is suited for large-scale retail development, such as a multi-tenant shopping strip, a standalone big-box storefront, or a flagship grocery location. Given the local demographics, typical tenants would include national retailers, quick-service restaurants, or specialized health and wellness providers. The expansive acreage allows for significant surface parking and flexible building footprints to accommodate high-volume commercial operations. It represents a versatile opportunity for developers seeking to establish a presence in a primary retail trade area with a consistent consumer base.

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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715

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