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Anchored Shopping Center
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1450-1515 Garner Station Blvd, Raleigh, NC 27603

Two retail centers offer established anchors, national-brand tenants, and broad occupancy across a substantial commercial footprint.

Property Size310,297 SF
Lot Size38.40 Acres
Days on Market144

Property Features for 1450-1515 Garner Station Blvd

General Information

Standard status Active
Size 310,297 SF
Lot size 38.40 Acres
Property subtype Retail
Occupancy 92%

Site & Location

Anchor Co-Tenants Gabe's, Belk, Carlie C's, Big Lots, Talecris Plasma Resources
Highway Access Yes
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: CBRE - Raleigh
Listed By: Chandler Hawkins · License #NC #281683
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 10:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Raleigh

Investment Insights

Based on property information with market context.

North South Station comprises two retail centers totaling 310,297 square feet on 38.40 acres. The improvements were built in 1990 and 1998 and are 92% occupied. Anchor tenants include Gabe’s, Belk, Carlie’s, Big Lots, and Talecris Plasma Resources, with additional national brands such as Subway, The Athlete’s Foot, Bath & Body Works, and Cato Fashions. The tenant roster includes 28 total occupants, and the average tenancy exceeds 12 years.

The property is positioned approximately 3 miles south of Downtown Raleigh at the intersection of Hwy 401 and US 70, within the Southern Wake submarket. That submarket is described as having a 2.0% vacancy rate and more than 4 million square feet of existing product.

Since March 2020, 23 of 28 tenants have renewed or signed new leases, representing 57% of the premises. More than one-quarter of tenants have occupied space at North South Station for over 20 years, providing documented tenure across the center.

Key Highlights

  • 310,297‑square‑foot retail center spanning two centers
  • 38.40‑acre property built in 1990 and 1998
  • 92% occupied with 28 total tenants

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Parking Lot & Garage Acupuncture Pet Store

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

Lease Details

92%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby
Well-served
Demand for This Use

Demographics for 27603, NC

54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
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
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Similar Off Market Nearby

  • Quick-Tag Walmart Supercenter, 4500 Fayetteville Rd, Raleigh, NC 27603
  • South South Station 1557-1599 Garner Station Blvd, Raleigh, NC 27603
  • South Station 1527 garner station blvd, raleigh, nc 27603
  • North Station Unnamed Road, Raleigh, NC 27603

Frequently Asked Questions

What type of property is this?
Shopping center - Two retail centers offer established anchors, national-brand tenants, and broad occupancy across a substantial commercial footprint.
Where is this shopping center located?
The property is located at 1450-1515 Garner Station Blvd Raleigh, NC.
What are key features of this property?
This property features: 310,297‑square‑foot retail center spanning two centers; 38.40‑acre property built in 1990 and 1998; 92% occupied with 28 total tenants
More about this property
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