Listing Agency: Huggins Realty Group d***@yahoo.com Show Phone

Listed By: Drew Huggins · License #183348

Source: Crexi

Added: Jan 4, 2024 Changed: Jul 6 Last Checked: Jul 30 at 9:23AM

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Investment Insights

Based on property information with market context.

This is a former restaurant space located within the lifestyle section of a mall.

Key Highlights

• Former restaurant space.
• Located in lifestyle portion of mall.

Property Analytics

Property Profile

Current Use

Express Factory Outlet Clothing & Fashion Store Hollister Co. Women'S Clothing Store LOFT Clothing & Fashion Store Spencers (Bike/Boat/Book/etc) Store Auto Insurance Quotes Marketing & Advertising

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency HVAC Service Parking Lot & Garage Garden 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.

Lease Details

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

994

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 27616, NC

56,941

Population

24,282

Households

2.3

Avg Household Size

34

Median Age

43%

College-Educated

91%

High-School Grad

22.5 sq mi

ZIP Area

2,531

Density / Sq Mi

$81,534

Median Household Income

$41,601

Median Earnings

$1,514

Median Rent

$314,800

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 restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Restaurant - Former restaurant space available for lease in lifestyle mall.

Where is this restaurant located?

The property is located at 5959 Triangle Town Blvd Raleigh, NC.

What is the lease rate?

The lease rate is $20 SF/Yr.

What are key features of this property?

This property features: Former restaurant space.; Located in lifestyle portion of mall.