Shopping Center with Absolute Net
For Sale
Contact for pricing
7143 Knightdale Boulevard, Knightdale, NC 27545
Small shopping center on a signalized corner intersection, offered under an absolute net lease structure.
Property Size14,550 SF
Price / SF$309.28
Days on Market89
Property Features for 7143 Knightdale Boulevard
General Information
Standard status
Active
Size
14,550 SF
Total Parking Spaces
45
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$315,000
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Ransome Foose · License #NC 280948
Source:
Crexi
Added: Jun 11
Changed: Sep 2
Last Checked: Sep 7 at 6:50AM
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 Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
This shopping center is being offered for sale as an absolute net lease. The property is positioned at a signalized corner intersection, supporting straightforward access and visibility for passersby.
Located at 7143 Knightdale Boulevard in Knightdale, NC, the asset benefits from its corner placement at a controlled intersection.
For buyers and brokers seeking a retail investment structured around an absolute net lease, this center presents a compact, single-asset format on a signalized corner.
Located at 7143 Knightdale Boulevard in Knightdale, NC, the asset benefits from its corner placement at a controlled intersection.
For buyers and brokers seeking a retail investment structured around an absolute net lease, this center presents a compact, single-asset format on a signalized corner.
Key Highlights
- Shopping center built in 2006
- Located on a signalized corner intersection
- Offered under an absolute net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$258,165
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,163,300
$5.2M
Cap Rate 7%
$3,688,071
$3.7M
Cap Rate 9%
$2,868,500
$2.9M
Market Conditions
NOI Build-Up for 14,550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$392.9K $27.00/SF
− Vacancy
−$24.0K −$1.65/SF
EGI
$368.8K $25.35/SF
− OpEx
−$110.6K −$7.60/SF
NOI
$258.2K $17.74/SF
Area
Wake County, NC
Vacancy
6.12%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,163,300
Cap Rate 7%
$3,688,071
Cap Rate 9%
$2,868,500
Alternative Uses
Best Use
Retail
$3.69M
$3.23M – $4.30M
NOI $258,165 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.15M
$3.64M – $4.85M
NOI $290,807 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27545, NC
32,567
Population
12,781
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
31.6 sq mi
ZIP Area
1,031
Density / Sq Mi
$85,400
Median Household Income
$46,629
Median Earnings
$1,560
Median Rent
$301,300
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?
Shopping center - Small shopping center on a signalized corner intersection, offered under an absolute net lease structure.
Where is this shopping center located?
The property is located at 7143 Knightdale Boulevard Knightdale, NC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Shopping center built in 2006; Located on a signalized corner intersection; Offered under an absolute net lease structure
