Townridge Shopping Center

6600 Glenwood Avenue, Raleigh, NC, 27613, US

描述

Address: 6500-6602 Glenwood Ave & 4208-4112 Pleasant Valley Road, Raleigh, NC 27612

GLA: 273,105

Occupancy: 96.0%

Year 1 NOI: $2,371,779

5-Year CAGR: 4.4%

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建筑净面积

25,372 平方米

占用率

96%

建成年份

1980

土地总面积

12.22 公顷

Prime Location: Situated Inside Raleigh’s I-540 Beltline
High traffic intersection of Glenwood Avenue and Pleasant Vallet Road (45,900 combined VPD)
Strong Surrounding Demographics Supporting Retail Demand
$124K AHHI (5-mile radius)
Mark-to-Market Potential I 4.4% 5-Year CAGR
95% of total GLA currently below market rents, potential to increase NOI over $930K in first four years
High Demand Raleigh Corridor
Glenwood Avenue Corridor features national credit tenant’s including Lowe’s, Target, Dick’s Sporting Goods, Ulta, Petco, Ross, Marshalls, Starbucks, Chick-Fil-A, and many more
Direct Access to Economic Drivers
The Property is well located benefiting from its proximity to RDU, Research Triangle Park, Downtown Raleigh, and popular neighborhoods such as Brier Creek, Crabtree Valley, and North Hills