Retail

Wakefield Crossing

13200 Falls of Neuse Rd, Raleigh, NC, 27614-8239, US

Wakefield Crossing_Property for Sale

Gallery

Wakefield Crossing 2_Property for Sale

Asset description

Jones Lang LaSalle, Inc., a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Wakefield Crossing, a 75,927 square foot community retail center anchored by Food Lion. The 95% occupied Center is located in Raleigh, NC, the second-fastest growing large metro in the United States. The Property benefits from high traffic counts (19,500 VPD) along Falls of Neuse Road and superior fundamentals with multiple access points and premium outparcel tenants (NAP) that draw additional customers to the Center.

Attributes

Building area gross
75,927 sf
Occupancy
95.00%
Year built
2001

Investment highlights

  • RALEIGH MSA
  • GROCERY ANCHORED OFFERING WITH STRONG TENANT COMMITMENT
  • INVESTMENT GRADE TENANCY (S&P BBB | MOODY’S BAA1)
  • MARK-TO-MARKET RENTAL OPPORTUNITIES WITH ATTRACTIVE NOI GROWTH PROFILE
  • OUTPARCELS WITH NATIONAL RETAILERS CREATE ADDITIONAL SHOPPING TRAFFIC ALONG FALLS OF NEUSE ROAD (19,500 VPD)
Wakefield Crossing 4_Property for Sale
Wakefield Crossing 4_Property for Sale

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Last updated
Dec 1, 2022