Outparcel to Midtown Commons – The property is shadow-anchored by a 311K SF Power Center featuring Kohl’s, Best Buy, PetSmart, TJ Maxx, and Dick’s Sporting GoodsRecent Construction – Built in 2012, this asset provides a new investor with limited exposure to capital repairsTenant Commitment – Mattress Firm has executed their lease option early and T-Mobile selected to retain this store after their merger with Sprint, demonstrating commitment to this siteKnightdale Growth Story – The RDU area has seen tremendous growth as employers flock to the area, and Knightdale is one of the most popular suburbs with over 20% growth in the last 10-yearsComplete I-540 Project – Construction for the first phase underway by the NCDOT to complete the I-540 Outer Loop, which will offer greater connectivity and development for communities for the East and South of Raleigh.Established Trade Area – National Retailers within the immediate vicinity include; Target, Ross, Michaels, Best Buy, TJ Maxx, Kohl’s, PetSmart, Lowe’s Home Improvement, and moreStrong Demographics – Population of over 41,000 people and Average Household Incomes of almost $85,000 per year in a 3-mile radius of the propertyTremendous Traffic Counts – 38,500 VPD on Knightdale Blvd and 55,000 VPD on Northern Wake Expy
