Townridge Shopping Center

6600 Glenwood Avenue, Raleigh, NC, 27613, US

Description

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: 6%

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Surface de l'actif Net

25 372 m²

Occupation

96 %

Année de construction

1980

Taille du terrain Brut

12,22 hectare

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 6%+ 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