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417 W Peace St - Publix 45,600 SF Retail Condo Unit Offered at $28,379,054 CAD in Raleigh, NC 27603
INVESTMENT HIGHLIGHTS
- Outstanding infill location | Only true grocer in downtown Raleigh
- Strong store sales | $33.9M in 2024
- Rare single-tenant grocery investment | Corporate guaranteed lease | Publix Super Markets, Inc. | 1,439+ locations across 8 U.S states
- Long lease term | 15 years remaining
- 5% rent increases every 5 years in the option periods | Most Publix leases are flat for the entirety of their term
- Located at the ground floor of Cortland Glenwood South | Class A multifamily building | 417 units | Avg. 95% occupancy | 12 Stories
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 45,600 SF | Typical Floor Size | 45,600 SF |
| Property Type | Multifamily (Condo) | Year Built | 2020 |
| Property Subtype | Apartment | Tenancy | Single |
| Building Class | A | Lot Size | 1.05 AC |
| Floors | 1 | Parking Ratio | 4.96/1,000 SF |
| Zoning | DX-12 - Retail | ||
| Total Building Size | 45,600 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 45,600 SF |
| Year Built | 2020 |
| Tenancy | Single |
| Lot Size | 1.05 AC |
| Parking Ratio | 4.96/1,000 SF |
| Zoning | DX-12 - Retail |
1 UNIT AVAILABLE
Unit 100
| Unit Size | 45,600 SF | Cap Rate | 5.75% |
| Price | $28,379,054 CAD | NOI | $1,631,695.12 CAD |
| Price Per SF | $622.35 CAD | No. Parking Spaces | 226 |
| Condo Use | Retail | Sale Conditions | Build to Suit |
| Sale Type | Investment |
| Unit Size | 45,600 SF |
| Price | $28,379,054 CAD |
| Price Per SF | $622.35 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| NOI | $1,631,695.12 CAD |
| No. Parking Spaces | 226 |
| Sale Conditions | Build to Suit |
SALE NOTES
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Publix (Condo) in Raleigh, NC. We welcome your review of this attractive investment.
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (73)
CONTACTS
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Carl Brendes -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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417 W Peace St - Publix
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