Listing Agency: Marcus & Millichap - Manhattan

Listed By: Michael A Cardone · License #NY 10401311477

Source: Crexi

Added: Apr 12 Changed: Jul 21 Last Checked: Aug 4 at 8:24AM

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Investment Insights

Based on property information with market context.

This retail property is available for sale and is listed with a stated 4.90% cap rate. The offering totals 13,632 SF.

The property is located at 13301 Strickland Rd in Raleigh, North Carolina 27613.

Key Highlights

• Retail property offered for sale with a stated 4.90% cap rate
• 4.90% cap rate associated with the 13,632 SF retail property

Property Analytics

Current Use

Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service LibertyX Bitcoin ATM Atm COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

331

Businesses Nearby

Explore this area Business Placement

Demographics for 27613, NC

46,969

Population

20,099

Households

2.3

Avg Household Size

39

Median Age

68%

College-Educated

98%

High-School Grad

25.5 sq mi

ZIP Area

1,842

Density / Sq Mi

$119,362

Median Household Income

$70,722

Median Earnings

$1,478

Median Rent

$478,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail property offered for sale with a stated 4.90% cap rate.

Where is this retail space located?

The property is located at 13301 Strickland Rd Raleigh, NC.

What are key features of this property?

This property features: Retail property offered for sale with a stated 4.90% cap rate; 4.90% cap rate associated with the 13,632 SF retail property