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Property profile & analytics
FOR LEASE
Super regional malls

5959 Triangle Town Blvd Raleigh, NC 27616

575,360 SF 35.37 ac lot Built 2001
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-2148387
Property summary
AI-generated overview

This exceptional retail opportunity is located within the vibrant Triangle Town Center mall in Raleigh, North Carolina. Two spaces are currently available, offering flexible layouts ideal for a variety of businesses. One space encompasses 6,006 square feet, while the other provides a larger footprint of 9,070 square feet. Both spaces are situated in the lifestyle section of the mall, offering high visibility and foot traffic. The previous tenant was a restaurant, providing a ready-made space with existing infrastructure. The property's address is 5959 Triangle Town Blvd, Raleigh, NC 27616. This prime location benefits from excellent access and ample parking, ensuring convenient access for customers and employees. The property is classified as commercial retail space, suitable for a diverse range of retail or restaurant concepts. The multiple tenancy structure allows for flexibility and potential for expansion. This presents a unique chance to establish a presence in a thriving retail environment within a well-established and popular shopping destination. The property's location in Raleigh, North Carolina, offers access to a large and diverse consumer base. Serious inquiries are encouraged to explore this exciting opportunity further. Detailed floor plans and lease terms are available upon request.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 575,360 SF
Lot 35.37 ac (1,540,717 SF)
Zoning code CX-3
APN 1727.19-50-6318 0280471
UPID US53-2148387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Express Factory Outlet Clothing & Fashion Store
  • Hollister Co. Clothing Store Fashion Accessories Store
  • LOFT Clothing & Fashion Store
  • Spencers (Bike/Boat/Book/etc) Store
  • Auto Insurance Quotes Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$26.32M
Owner & transaction history
Standard Insurance Company · 3 yrs held
Standard Insurance Company
since 2022
Last sale
$32.5M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2022
Price N/A
2022
Price N/A
2022
Price N/A
2021
$33.3M
Zoning & alternative use
CX-3 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

Zone name Commercial Mixed Use
General category MIXED_USE
Zone area 722.48 ac
Source Realmo
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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