- For Sale $7,350,000
- Property Type VacantLand
- Lot Size 0.65 Acre
- Date Updated Jan 23, 2025
Two parcels of land totaling 0.65 acres in the Village District of Raleigh, NC.
The Property is fully leased to Pinnacle Bank under a 20-year NNN ground lease.
Pinnacle is in the process of constructing a ±11,500 SF bank and wealth management office that is scheduled to be completed in 1Q 2024.
Net Ground Lease in Top Urban Location (The Village District) of Raleigh, NC
Great 1031 Replacement Property Yielding Monthly Cash Flow
Dense Residential and Retail Submarket within Walking Distance of North Carolina State University
20-Year Lease with 10% Increases Every 5 Years
Tenant is a Publically Traded Regional Bank with a Baa1 Moody's Credit Rating, Assets of $42 Billion, and a Market Capitalization of $4.17 Billion
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
94/100
Walker's Paradise
-
Transit Score ®
50/100
Good Transit
-
Bike Score ®
82/100
Very Bikeable
- City Raleigh, NC
- Neighborhood Fairmont
- Zip Code 27605
- Market Raleigh Durham
Points of Interest
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Raleigh
1.17 miles
-
Zone 4: Limos
9.29 miles
-
Zone 1: Prearranged Services
9.30 miles
-
Exxon
0.69 miles
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Pullen Mart
0.70 miles
-
Resco
0.92 miles
-
PowerCharge
1.16 miles
-
BP
1.22 miles
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Speedway
1.23 miles
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Nash Square Charging Station
1.32 miles
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Tesla Supercharger
3.43 miles
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Electrify America
5.26 miles
-
Building C Charging Station
5.36 miles
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Boney Drive Lot
0.34 miles
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Raleigh Little Theatre Parking Lot
0.38 miles
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Coliseum Parking Deck
0.48 miles
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Williams Hall Parking
0.54 miles
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Student Services Lot
0.66 miles
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Dan Allen Parking Deck
0.72 miles
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University Towers parking garage
0.73 miles
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ValPark
0.86 miles
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The Standard
0.86 miles
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Bloc(83) Parking Deck
0.95 miles
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Aloft Raleigh
0.13 miles
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Hampton Inn & Suites Raleigh Downtown
0.92 miles
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AC Hotel by Marriott Raleigh Downtown
0.98 miles
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The Casso, Raleigh, A Tribute Portfolio Hotel
1.05 miles
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The Longleaf Hotel
1.18 miles
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Friendship Inn Capitol
1.18 miles
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Holiday Inn Raleigh Downtown
1.19 miles
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Hyatt House Raleigh Downtown Seaboard Station
1.33 miles
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Tempo by Hilton Raleigh Downtown
1.44 miles
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Homewood Suites by Hilton Raleigh Downtown
1.46 miles
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CAVA
0.09 miles
-
Iso Iso Ramen
0.11 miles
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Tupelo Honey Cafe
0.12 miles
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Gonza Tacos y Tequila
0.14 miles
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Subway
0.14 miles
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Chopt
0.15 miles
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Players' Retreat
0.19 miles
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Bruegger's Bagels
0.19 miles
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Flying Biscuit
0.19 miles
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Fundippot
0.19 miles
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North Carolina State University
0.12 miles
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Broughton High School
0.53 miles
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North Carolina State University North Campus
0.56 miles
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North Carolina State University Central Campus
0.57 miles
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Broughton High School - Main Building
0.61 miles
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Pod 1
0.61 miles
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Pod 2
0.64 miles
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Wiley School
0.69 miles
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Saint Mary's School
0.72 miles
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Governor Morehead School for the Blind
0.75 miles
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The Goddard School
1.73 miles
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Gethsemane Seventh Day Adventist Day Care Center
4.10 miles
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Young Missionary Temple Day Care and Learning Center
4.46 miles
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Word of God Christian Day Care Center
4.59 miles
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Millbrook KinderCare
4.75 miles
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Chesterbrook Academy
5.03 miles
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Abundant Life Child Care Center
5.68 miles
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Good Shepherd Lutheran Preschool
6.53 miles
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Primrose School of Hilburn
6.62 miles
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Huckleberry's Friends
6.92 miles
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