Freestanding TD Bank Ground
For Sale
Contact for pricing
407 E Six Forks Rd, Raleigh, NC 27609
Ground-leased TD Bank in Raleigh, NC with attractive rent escalations.
Property Size2,500 SF
Price / SF$1,900
Days on Market175
Property Features for 407 E Six Forks Rd
General Information
Standard status
Active
Size
2,500 SF
Class
A
Property subtype
Retail, Special Purpose
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$237,500
Building Details
Year Built
2025
Tenancy
Single
Listing Agency:
JLL - Irvine (Orange County), California
Listed By:
Jeffrey Cicurel · License #SL3541410
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 10 at 9:48AM
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 JLL - Irvine (Orange County), California
Investment Insights
Based on property information with market context.
The property is a ground-leased, freestanding TD Bank located at 407 E Six Forks Rd, Raleigh, NC. The lessee operates on a 10-year absolute NNN ground lease with zero landlord responsibilities and 2.5% annual rent escalations throughout the primary term and four, five-year renewal options. The property is newly constructed and features a drive-thru format. It occupies a location at the intersection of Wake Forest Rd and Six Forks Rd, with exposure to over 51,000 vehicles per day. The surrounding area benefits from demographics including nearly $128,000 average household income and 37.8% population growth since 2010 within a 1-mile radius. Located in Mid-Town (North Hills) and centrally located within Raleigh, the property sits within a mixed-use corridor anchored by Costco Wholesale with retail, commercial, and residential properties nearby. Across Wake Forest Rd is the most visited Wegmans grocery store in North Carolina with 1.5M annual visits and Holly Park shopping mall with 2.5M annual visits.
Key Highlights
- Investment‑grade tenant (TD Bank, A+/AA-) on an absolute NNN ground lease with zero landlord responsibilities.
- Attractive 2.5% annual rent escalations throughout the primary term and renewal options.
- Prime location at the intersection of Wake Forest Rd and Six Forks Rd with high traffic volume (51,000+ vehicles per day).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 27609, NC
36,218
Population
19,740
Households
1.8
Avg Household Size
38
Median Age
61%
College-Educated
93%
High-School Grad
10.9 sq mi
ZIP Area
3,323
Density / Sq Mi
$81,538
Median Household Income
$53,670
Median Earnings
$1,393
Median Rent
$441,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Ground-leased TD Bank in Raleigh, NC with attractive rent escalations.
Where is this bank located?
The property is located at 407 E Six Forks Rd Raleigh, NC.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Investment‑grade tenant (TD Bank, A+/AA-) on an absolute NNN ground lease with zero landlord responsibilities.; Attractive 2.5% annual rent escalations throughout the primary term and renewal options.; Prime location at the intersection of Wake Forest Rd and Six Forks Rd with high traffic volume (51,000+ vehicles per day).
