3001 Wakefield Crossing Dr - Auto Repair FOR SALE


Raleigh, NC 27614- Highland Park
$2,604,919 USD
919-576-2501
3001 Wakefield Crossing Dr, Raleigh, NC for Sale
$2,604,919 USD
Auto Repair - FOR SALE
1/2
null | 6.2% Cap Rate

3001 Wakefield Crossing Dr
Raleigh, NC 27614
Highland Park


HIGHLIGHTS

  • Significant 2.35-acre land position — a generous parcel offering meaningful underlying real estate value and long-term flexibility
  • High-traffic Falls of Neuse Road frontage — ±26,500 VPD with a Community Mixed Use future land use designation
  • NNN lease through 2033 with 3% annual escalations — ~7 years remaining plus three 5-year renewal options
  • 2018 construction — a modern, well-maintained facility offering lower anticipated capital expenditure and strong physical appeal
  • PE-backed tenant platform — Atlantic Tire operates within Goodturn Tire & Auto (~70 locations / ~35 brands)
  • E-commerce-resistant, essential-service use — needs-based automotive service insulated from online retail

OVERVIEW

A 6,420 SF automotive service facility on a 2.35-acre parcel, generating $161,505 in base rent effective July 17, 2026 ($25.16/SF). Offered at $2,604,919, a 6.20% CAP rate, the asset combines stable in-place income with 3% annual escalations and meaningful underlying land value. Its location within the master-planned Wakefield community reinforces long-term durability and tenant performance. The property anchors North Raleigh’s Wakefield submarket along Falls of Neuse Road, which carries approximately 26,500 vehicles per day — the highest traffic count in the portfolio. Wakefield is a prominent master-planned community known for residential density, affluent demographics, and proximity to major commuter routes including US 1 and I-540. Sustained population growth, retail expansion, and a Community Mixed Use future land use designation continue to reinforce the corridor’s long-term trajectory.

FOR SALE DETAILS

PRICE

$2,604,919 USD

PRICE/SF

$406 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

-

APN/PARCEL ID

1739.01-18-3751-000

ASK ABOUT THIS PROPERTY

Moss WithersLee & AssociatesMore Info
919-576-2501

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Moss WithersLee & AssociatesMore Info
919-576-2501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.