$3,674,000 USD
704-714-2368
5006 & 5008 New Bern Ave
Raleigh, NC 27610
Southeast Raleigh
HIGHLIGHTS
- Great visibility and access from New Bern Ave | 36,000 VPD
- Annual rent increases for each tenant | 2% & 3% respectively
- Explosive population growth within 1 mile | 30.74% from 2010-2025
- Attractive population density within a 5-mile radius | 187,981 residents
- Large parcel | 1.80 acres
- Strong industrial presence nearby | 4.8M SF of space within a 2-mile radius
FOR SALE DETAILS
PRICE
$3,674,000 USD
PRICE/SF
$183 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Raymo Car Care & Raleigh Outlet
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Showroom
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1967
UTILITIES
-
CLEAR CEILING HT
14 Ft
DOCKS
2
DRIVE INS
-
PARKING SPACES
13
LAND DETAILS
LAND ACRES
1.8
LAND SF
78,408
ZONING
Industrial
APN/PARCEL ID
1734.13-24-4832-000
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704-714-2368
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704-714-2368
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