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3-Tenant Retail Building in Raleigh, NC 2821 Spring Forest Rd 13,800 SF 100% Leased Retail Building Raleigh, NC 27616 $5,199,842 CAD ($376.80 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Excellent Demographics
- Great Visability
- Great Traffic Counts
Executive Summary
Presenting 2821 Spring Forest Rd, a well-positioned 3-tenant retail investment opportunity in the highly desirable Raleigh market. This ±13,800 SF retail property is offered at $3,777,500, reflecting a 7.19% cap rate and $273 per square foot.
The property features a strong multi-tenant mix, providing stable income and diversification for investors. Strategically located along Spring Forest Rd, the site benefits from excellent visibility, steady traffic counts, and convenient access to major thoroughfares, making it an attractive destination for both tenants and customers.
With Raleigh’s continued population and economic growth, this asset presents a compelling opportunity for investors seeking reliable cash flow and long-term appreciation in one of North Carolina’s most dynamic markets.
The property features a strong multi-tenant mix, providing stable income and diversification for investors. Strategically located along Spring Forest Rd, the site benefits from excellent visibility, steady traffic counts, and convenient access to major thoroughfares, making it an attractive destination for both tenants and customers.
With Raleigh’s continued population and economic growth, this asset presents a compelling opportunity for investors seeking reliable cash flow and long-term appreciation in one of North Carolina’s most dynamic markets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
13,800 SF
Building Class
B
Year Built
1996
Price
$5,199,842 CAD
Price Per SF
$376.80 CAD
Cap Rate
7.20%
NOI
$374,372 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
Industrial 1
Parking
47 Spaces (3.4 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $17.21 CAD
- Triple Net
- Jul 2022
Mobley’s is conveniently located in North Raleigh, where we have served the area since 1942. We use only the best materials to offer you award-winning frame designs.
- Retails Thrift Shop
- Retailer
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $17.21 CAD | Triple Net | Jul 2022 | |
| Retails Thrift Shop | Retailer | - | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1726.09-06-7965-000 | Improvements Assessment | $3,004,799 CAD |
| Land Assessment | $689,834 CAD | Total Assessment | $3,694,633 CAD |
Property Taxes
Parcel Number
1726.09-06-7965-000
Land Assessment
$689,834 CAD
Improvements Assessment
$3,004,799 CAD
Total Assessment
$3,694,633 CAD
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3-Tenant Retail Building in Raleigh, NC | 2821 Spring Forest Rd
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