Retail

Capital Square

3151 Capital Blvd. Raleigh, North Carolina United States 27604

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Asking Price Contact for pricing

NOI Net Operating Income N/A

Cap Rate N/A

Documents

Confidentiality Agreement Teaser

I accept the confidentiality agreement

I accept the confidentiality agreement I accept the confidentiality agreement

Attributes

Year Built	1972
Building Area
Occupancy	100.0 %

Property Description

Capital Square is an attractive grocery-anchored shopping center located just a 10-minute drive from Downtown Raleigh. The Food Lion at Capital Square is also the first major grocery store encountered when leaving Downtown Raleigh via US-401 (also Capital Blvd.), while serving as the last major grocery store for people driving towards Raleigh from the Northwest portion of the city. Additionally, the Property is near the campuses of major companies/ employers, including Duke University & Duke Health Systems (41,000+ employees), IBM (8,000+ employees), SAS Institute (5,500+ employees), and many more. This offering is a great opportunity to own a stabilized groceryanchored shopping center in an expanding market with excellent retail fundamentals and employment drivers.

Investment Highlights

Food Lion (MOODYS: BAA1) has been in occupancy for over 23 years, and is operating at a 2.3% health ratio.
#2 market for retail returns over the last 3 years - Raleigh, NC (NCREIF).
Significant “Mark-to-Market” rent opportunity for key spaces in the coming years (2.84% projected CAGR).
High-yield / Low-basis investment located in a top-tier market. An investor will have flexibility with merchandising, and potentially other land uses, long into the future.
Includes two outparcel buildings.

Last Updated Date: 19 Nov 2020

Thomas Kolarczyk

Senior Director, Capital Markets

License details

NC-276931 SC-116227

+84869421324

Ryan Eklund

Director, Capital Markets

License details

NC-286222 SC-115530

+84869421324

There was an error submitting your request. Please try again, or submit you inquiry here.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 19 Nov 2020