2920 Jones Franklin Rd

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2920 Jones Franklin Rd

Raleigh, NC 27606
Asking Price
$3.72M
Asset Type
Retail
Class
Class B

What's Special

2920 Jones Franklin Road is situated in Southwest Raleigh, positioned near the intersection of Jones Franklin Road and Dillard Drive. The property offers proximity to the Crossroads Plaza shopping district and the Swift Creek area, providing access to a high density of established residential neighborhoods and national retailers. The location benefits from direct connectivity to major transportation corridors, including U.S. Route 1 and Interstates 40 and 440. This facilitates efficient transit across the Research Triangle region and to downtown Raleigh. The asset is suited for local or regional retail tenants seeking a high-visibility location with steady commuter traffic. Typical use cases include convenience retail, specialty boutiques, or service-oriented businesses such as cafes and fitness studios. The property’s layout and location cater to businesses that rely on neighborhood demographics and convenient accessibility for daily patrons. The tenant profile generally includes mid-sized retailers looking to capitalize on the blend of suburban residential proximity and nearby commercial activity.

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NOI
$80,000
Cap Rate
2.15%
DSCR
0.36
Underwater
Cash-on-Cash
-12.63%
Monthly Payment
$18,419.373
Annual Cash Flow
$-141,032.472

Location & Travel Times