Retail

Capital Square

3151 Capital Blvd. Raleigh, North Carolina United States 27604

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Confidentiality Agreement Teaser

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Attributes

Year Built	1972
Building Area
Occupancy	100.0 %

Property Description

Capital Square is an attractive grocery-anchored shopping center located just a 10-minute drive from Downtown Raleigh. The Food Lion at Capital Square is also the first major grocery store encountered when leaving Downtown Raleigh via US-401 (also Capital Blvd.), while serving as the last major grocery store for people driving towards Raleigh from the Northwest portion of the city. Additionally, the Property is near the campuses of major companies/ employers, including Duke University & Duke Health Systems (41,000+ employees), IBM (8,000+ employees), SAS Institute (5,500+ employees), and many more. This offering is a great opportunity to own a stabilized groceryanchored shopping center in an expanding market with excellent retail fundamentals and employment drivers.

Investment Highlights

Food Lion (MOODYS: BAA1) has been in occupancy for over 23 years, and is operating at a 2.3% health ratio.
#2 market for retail returns over the last 3 years - Raleigh, NC (NCREIF).
Significant “Mark-to-Market” rent opportunity for key spaces in the coming years (2.84% projected CAGR).
High-yield / Low-basis investment located in a top-tier market. An investor will have flexibility with merchandising, and potentially other land uses, long into the future.
Includes two outparcel buildings.

Last Updated Date: 22 Sep 2020

Thomas Kolarczyk

Senior Director, Capital Markets

License details

NC-276931

+61283171118

Ryan Eklund

Director, Capital Markets

License details

NC-286222 SC-115530

+61283171118

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Last Updated Date: 22 Sep 2020