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 located in East Raleigh, situated along a primary commercial corridor with direct access to Interstate 440 and U.S. Route 64. The surrounding neighborhood is a high-traffic urban environment characterized by a mix of established residential communities and dense retail developments. Nearby amenities include the Tower Shopping Center and several national grocery and pharmacy chains. The property benefits from high visibility and consistent commuter traffic, supported by its proximity to local bus routes and proximity to the WakeMed Raleigh Campus. The property is well-suited for diverse retail uses, including convenience services, specialty showrooms, or quick-service food and beverage operators. Typical tenants for this location include neighborhood-oriented service providers, value-based retailers, and franchise businesses seeking to leverage the area’s strong demographic diversity and steady daytime population. The site’s accessibility and road frontage provide an ideal environment for businesses requiring high brand exposure and convenient customer ingress and egress within the growing Raleigh market.

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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