919-645-2775
, Raleigh, NC for Sale
Industrial - FOR SALE
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Midtown East Investment Opportunity
Raleigh, NC
Midtown Raleigh


HIGHLIGHTS

  • Call For Offers due March 20, 2026; Fully leased, income-producing portfolio with long-term stability supported by a credit tenant.
  • Prime infill positioning within Midtown East’s growing commercial and residential corridor.
  • NNN lease structure with minimal landlord obligation and predictable escalations.
  • Strong value-add potential through future re-tenanting at market rental rates.
  • Immediate access to major retail anchors, transportation corridors, and Raleigh employment hubs.
  • Surrounding redevelopment momentum enhances long-term appreciation prospects.

OVERVIEW

Call For Offers due March 20, 2026 Portfolio includes two fully leased assets totaling 54,506 rentable square feet on ±2.56 acres, both operating under NNN lease structures. Year-1 NOI of $552,262 with annual 2 percent rent escalations through lease expiration in 2029. Single-tenant occupancy by Genuine Parts Company (NYSE: GPC) through the Walker Auto Supply merger, offering strong credit and operational reliability. Properties consist of retail, warehouse, and flex space with ceiling heights up to 26 feet, modern infrastructure, and on-site parking. Located in Midtown East, one of Raleigh’s highest-growth retail and residential corridors anchored by major national brands and high-density mixed-use development. IX-3-PL zoning supports industrial mixed use, including retail and light industrial, with strong future redevelopment potential. Maps, location visuals, and zoning diagrams included throughout the brochure for investor reference.

ASK ABOUT THIS PROPERTY

Malcolm Lewis, CCIMYork PropertiesMore Info
919-645-2775

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Malcolm Lewis, CCIMYork PropertiesMore Info
919-645-2775

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