$20,330,000 USD
704-714-2363
417 W Peace St
Raleigh, NC 27603
Capital District
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
$20,330,000 USD
PRICE/SF
$446 USD /SF
CAP RATE
5.75%
# OF UNITS
1
CONDO SIZE
-
% LEASED
100%
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Publix
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
45,600 SF
STORIES
1
BUILDING CLASS
A
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
226
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,600 SF
ZONING
DX-12
APN/PARCEL ID
-
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704-714-2363
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704-714-2363
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