4500 Fayetteville Rd, Raleigh, NC 27603-3614
- Outlet malls
- 199,434 SF
- 21.71 lot acres
Current Use by Public Records
- Coinstar / Bank / Credit Union
- Walmart Home Services / Social Service Agency
- Walmart Home Theater Installation / Electrical Service / General Contractor
- Walmart Bakery / Bakery / Specialty Food Shop
- Walmart Money Center / Bank / Credit Union
Property Details for 4500 Fayetteville Rd
- Year built
- 2008
- Construction
- CONCRETE BLOCKS
- Lot size
- 21.71 lot acres
- Zone code
- SB
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 1701.09-16-3746 0133925
- APU
- 1701091637460133925
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 15, 2009 | $38,305,000 | Wal-mart Real Estate Busn | Wla Garner Retail LLC | Grant Deed | — |
| Dec 29, 2006 | $1,825,000 | Wla Garner Retail LLC | Aaa Cooper Transportation | Grant Deed | — |
| Dec 29, 2006 | — | Wla Garner Retail LLC | Aaa Cooper Transportation | Grant Deed · related | — |
Description
The Shoppes at Garner is a thriving 44,383 square foot retail center situated on a 6.12-acre lot in Raleigh, North Carolina. Built in 2008, this community center enjoys a prime location on the heavily trafficked Highway 401-Fayetteville Road corridor, just south of US 70, experiencing daily traffic counts exceeding 44,000 vehicles. The center benefits from multiple convenient ingress and egress points, ensuring easy access for customers and tenants. A Walmart Supercenter serves as a significant anchor tenant, drawing substantial foot traffic to the property. The center boasts a diverse mix of national tenants, including America's Best Contacts & Eyeglasses, Rainbow, Sally Beauty, Golden Krust, GameStop, and Humana MarketPOINT. Ample parking is available with 262 spaces provided for shoppers and employees. The property is located in Wake County, North Carolina, at 4500 Fayetteville Road, zip code 27603. This well-established retail center presents a compelling investment opportunity in a high-traffic, high-visibility location. The property is not currently home to any internet cafes.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $40,805,000
- 6.5%
- $37,665,000
- 7%
- $34,975,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $39,416,000
- AI Estimate
- $20,356,000
Market price range: $39.4M - $153MMarket price range: $20.4M - $66.4M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6586
- Latitude
- 35.7189
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
