Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2001
Building Area Gross
Rentable Area
Occupancy 94.5 %

Asset Description

Jones Lang LaSalle, Inc., a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Wakefield Crossing, a 75,927 square foot community retail center anchored by Food Lion. The 95% occupied Center is located in Raleigh, NC, the second-fastest growing large metro in the United States. The Property benefits from high traffic counts (19,500 VPD) along Falls of Neuse Road and superior fundamentals with multiple access points and premium outparcel tenants (NAP) that draw additional customers to the Center.

Investment Highlights

  • RALEIGH MSA
  • GROCERY ANCHORED OFFERING WITH STRONG TENANT COMMITMENT
  • INVESTMENT GRADE TENANCY (S&P BBB | MOODY’S BAA1)
  • MARK-TO-MARKET RENTAL OPPORTUNITIES WITH ATTRACTIVE NOI GROWTH PROFILE
  • OUTPARCELS WITH NATIONAL RETAILERS CREATE ADDITIONAL SHOPPING TRAFFIC ALONG FALLS OF NEUSE ROAD (19,500 VPD)
Last Updated Date: 18 Nov 2022

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Last Updated Date: 18 Nov 2022

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