Building Details

Tenancy Multi

Listing Agency: JLL | Charlotte Show Phone

Listed By: Michael Scarnato Show Phone

Source: Moodyscre

Added: Aug 31 Changed: Sep 1 Last Checked: Sep 1 at 9:29PM

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Investment Insights

Based on property information with market context.

South 40 Distribution is a 482,548-square-foot distribution center at 2201 S Wilmington St in Raleigh, North Carolina. The property is configured as a multi-tenant industrial asset and is fully leased to six tenants, with 4.0 years of remaining lease term.

UPS is one of the occupants and is identified with an A- S&P credit rating. The property is positioned within the Raleigh-Durham industrial market, providing an established operating profile for an industrial real estate buyer.

Key Highlights

• 482,548‑square‑foot distribution center at 2201 S Wilmington St, Raleigh, NC 27603
• 100% leased to six tenants
• 4.0 years of remaining lease term

Property Analytics

Property Profile

Current Use

Corner Boys BBQ Take-out & Catering North South Station Business Management Consultant Iron Mountain Recycling Center Tastefully Served Restaurant Andrews & Hamilton Co., ... Material Handling Equipment Supplier

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Building Supply Restaurant Pharmacy HVAC Service

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

464

Businesses Nearby

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - Fully leased distribution facility with six tenants and remaining lease term.

Where is this distribution center located?

The property is located at 2201 S Wilmington St Raleigh, NC.

What are key features of this property?

This property features: 482,548‑square‑foot distribution center at 2201 S Wilmington St, Raleigh, NC 27603; 100% leased to six tenants; 4.0 years of remaining lease term