Knightdale Marketplace

JLL is exclusively marketing Knightdale Marketplace, a 323,113 square foot super-regional shopping center located in one of Raleigh, NC’s fastest-growing submarkets, Knightdale. The center boasts 100% occupancy and draws approximately 7 million visits annually, making it a top 20 most-visited shopping center in North Carolina and ranking in the top 2% of centers nationwide. Knightdale Marketplace features a best-in-class national and regional tenant lineup, including households names such as Best Buy, TJ Maxx, HomeGoods, Ross, and PetSmart as well as a new lease with Barnes and Noble. The asset benefits from an exceptional location with immediate access to both I-540 and Highway 64, providing extended drawing power with a trade area exceeding 50 miles.

Knightdale is in the path of explosive growth, with a population within a 5-mile radius that grew 36% from 2010 to 2025, and showed average household income increases of over 80% during the same period. The surrounding area is the epicenter of new residential development in Eastern Wake County, with more than 5,400 residential lots currently under construction, and continued growth of the commercial and multifamily pipeline.

Knightdale Marketplace offers multiple avenues for value creation for new ownership. Approximately 55% of the property’s GLA is currently below market, presenting over $1.5 million in potential base rent growth through mark-to-market leasing. Additionally, future ownership may benefit from disposition optionality, as the property features three high-performing single-tenant components and a strip center on individual parcels, all providing flexibility for outparcel sales or further development

The combination of best-in-class tenancy, premier super-regional access, and extraordinary demographic and economic momentum make Knightdale Marketplace a market-leading retail opportunity in the Raleigh MSA.