5006 New Bern Avenue

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5006 New Bern Avenue

Raleigh, NC 27610
Asking Price
$3.32M
Asset Type
Retail
Class
Class B

What's Special

5006 New Bern Avenue is situated in eastern Raleigh within a primary commercial corridor. The property is located near the intersection of New Bern Avenue and Rogers Lane, approximately five miles from the downtown core. The surrounding neighborhood features a mix of established residential subdivisions and retail centers. Local amenities include the WakeMed Raleigh Campus and various grocery-anchored plazas. The site offers direct access to U.S. Route 64 and is positioned near Interstate 440 and the future Wake Bus Rapid Transit New Bern line, providing connectivity to the broader Research Triangle region. The property is suited for general retail, service-oriented businesses, or quick-service food operations. Ideal use cases include neighborhood-scale commercial tenants, medical clinics, or showroom space. Given the high daily traffic counts and proximity to both healthcare facilities and residential density, typical tenants include national franchises, regional service providers, and local retailers seeking high visibility. The zoning and layout accommodate diverse business requirements, ranging from standard retail storefronts to essential community services that benefit from the arterial road frontage and established commuter patterns of the area.

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NOI
$80,000
Cap Rate
2.41%
DSCR
0.41
Underwater
Cash-on-Cash
-11.76%
Monthly Payment
$16,435.443
Annual Cash Flow
$-117,225.321

Location & Travel Times