417 W Peace St - Apartments CONDO FOR SALE
Raleigh, NC 27603 |
417 W Peace St
Raleigh, NC 27603
HIGHLIGHTS
- Outstanding infill location | Only true grocer in downtown Raleigh
- Long lease term | 15 years remaining
- Strong store sales | $33.9M in 2024
- 5% rent increases every 5 years in the option periods | Most Publix leases are flat for the entirety of their term
- Rare single-tenant grocery investment | Corporate guaranteed lease | Publix Super Markets, Inc. | 1,439+ locations across 8 U.S states
- Located at the ground floor of Cortland Glenwood South | Class A multifamily building | 417 units | Avg. 95% occupancy | 12 Stories
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Publix
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
45600
STORIES
1
YEAR BUILT
2020
PARKING SPACES
226
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
1704.19-51-3817-000
