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Midtown East Investment Opportunity 2 Industrial Properties in Raleigh, NC
Investment Highlights
- Fully leased, income-producing portfolio with long-term stability supported by a credit tenant.
- NNN lease structure with minimal landlord obligation and predictable escalations.
- Immediate access to major retail anchors, transportation corridors, and Raleigh employment hubs.
- Prime infill positioning within Midtown East’s growing commercial and residential corridor.
- Strong value-add potential through future re-tenanting at market rental rates.
- Surrounding redevelopment momentum enhances long-term appreciation prospects.
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 45,479 SF |
| Number of Properties | 2 | Total Land Area | 2.56 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 45,479 SF |
| Total Land Area | 2.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 705 E Six Forks Rd, Raleigh, NC 27609 | Industrial | 28,640 SF | 1971 | - |
| 2905 Industrial Dr, Raleigh, NC 27609 | Industrial | 16,839 SF | 2007 | - |
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Midtown East Investment Opportunity
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