$19,480,000 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 | 14.5 years remaining | Rare single-tenant grocery investment | Best-in-class grocer | Corporate guaranteed lease | Publix Super Mark
- Located at the ground floor of Cortland Glenwood South | Class A multifamily building | 417 units | Avg 95% occupancy | 12 Stories
- Explosive population growth within a 1-mile radius | 51.23% from 2010- 2025
- Attractive population density within a 5-mile radius | 232,759 residents
- Affluent surrounding area | $151,717 average household income within a 1-mile radius
FOR SALE DETAILS
PRICE
$19,480,000 USD
PRICE/SF
$427 USD /SF
CAP RATE
6%
# OF UNITS
1
CONDO SIZE
-
% LEASED
100%
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Publix Condo
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
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
Commercial
APN/PARCEL ID
-
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704-714-2363
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704-714-2363
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