Retail Space - For Sale
3424 Capital Boulevard Raleigh, NC 27604
Details & Description
Price: $2,300,000
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 3.670
  • Building Sq Ft 14,249
  • Building Price per Sq Ft $161.41
  • Land Sq Ft 159,865
  • Land Price per Sq Ft $14.39
Cap rate average 6.58% with billboard revenueLease term through 6/30/26 with options at much higher rates. 18.6% CAP RATE at 1st extension.Rental rate $7.01/SF average over the current lease termCurrently leased for 5 years with 4 five year options, for details please contact brokerBillboard on site can be purchased for additional revenueTraffic count 67,000 cars/day (2019)Excellent interior conditionPurchased for $4.2 million in 2011
Listing Agents
John Hibbits

O: 919-714-7125
M: 919-606-0989
jhibbits@triprop.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3424 Capital Boulevard

Raleigh, NC 27604

Listing ID: 255366
$2,300,000
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 3.670
  • Building Sq Ft 14,249
  • Building Price per Sq Ft $161.41
  • Land Sq Ft 159,865
  • Land Price per Sq Ft $14.39
  • 3424 Capital Boulevard Raleigh, NC 27604 | for Sale | Photo 1
  • 3424 Capital Boulevard Raleigh, NC 27604 | for Sale | Photo 2
  • 3424 Capital Boulevard Raleigh, NC 27604 | for Sale | Photo 3
3424 Capital Boulevard | for Sale | Thumbnail 1
3424 Capital Boulevard | for Sale | Thumbnail 2
3424 Capital Boulevard | for Sale | Thumbnail 3
Description

Cap rate average 6.58% with billboard revenue

Lease term through 6/30/26 with options at much higher rates. 18.6% CAP RATE at 1st extension.

Rental rate $7.01/SF average over the current lease term

Currently leased for 5 years with 4 five year options, for details please contact broker

Billboard on site can be purchased for additional revenue

Traffic count 67,000 cars/day (2019)

Excellent interior condition

Purchased for $4.2 million in 2011

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Raleigh History of Retail Space for Sale

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Raleigh Area Market Trends

Listing Demographics for 3424 Capital Boulevard Raleigh, NC 27604

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population9,47885,496212,843
Population Median Age383637
Population by Age0-9 Yrs1107 (11%)11444 (13%)25736 (12%)
10-19 Yrs1357 (14%)10134 (11%)25382 (11%)
20-29 Yrs1258 (13%)14071 (16%)34379 (16%)
30-39 Yrs1216 (12%)14266 (16%)34795 (16%)
40-49 Yrs1607 (16%)11835 (13%)29981 (14%)
50-59 Yrs1240 (13%)10274 (12%)25971 (12%)
60-69 Yrs837 (8%)7309 (8%)20142 (9%)
70+ Yrs857 (9%)6163 (7%)16458 (7%)
Median HH Income$55,559$59,394$64,505
Total Household Income< 24K613 (17%)5366 (16%)13493 (15%)
25-49K1057 (29%)8707 (26%)19876 (23%)
50-74K693 (19%)6555 (19%)15462 (18%)
75-99K530 (14%)4893 (14%)12211 (14%)
100-199K639 (17%)6176 (18%)18180 (21%)
200K+65 (1%)1522 (4%)6345 (7%)
Highest Education LevelNo Diploma1195777915406
Diploma or GED14791146125833
Some College10461161328283
Assoc. Degree568512311720
Bachelors Degree14871517843308
Higher Degree547703323311
Total Housing Units3,99336,73894,589
--Owner-Occupied2,11217,02746,018
--Renter-Occupied1,48416,19239,548
Owner-Occupied Values< 100K28315533038
100-199K1461795116098
200-299K344441211789
300-399K1116056398
400-499K37532708
500K+97525987
Total Working Age Population7,48367,272171,696
In Work Force5,25649,255121,495
Not In Work Force2,22718,01850,201
Workforce Employed4,97746,888115,711
Workforce Unemployed2782,3095,589
Civlian Workforce5,25649,198121,300
Military Workforce057195
Total Households3,59633,21985,566
Family Households2,04520,37149,593
Non-Family Households1,55112,84735,974
Married Couple1,30313,14233,732
Other Family7417,22915,860
Married w/Child5355,48214,255
Single Male w/Child1188151,805
Single Female w/Child2783,3947,111

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1110,630,691+1111,836,070
Franklin County47,260+2860,619+1670,212+1681,204
Johnston County121,965+38168,878+26212,401+27269,736
Wake County627,846+44900,993+231,109,883+201,328,336

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Retail Space Listings for Sale Nearby
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3424 Capital Boulevard, Raleigh, NC CALL 14249 3.67
3911 New Bern Avenue, Raleigh, NC $726,230 3200 -
5200 Capital Boulevard, Raleigh, NC $3,814,433 6525 1.63
4201 New Bern Avenue, Raleigh, NC CALL 12250 2.13
5505 Capital Boulevard, Raleigh, NC $12,439,100 19388 3.25
206 Hinton Oaks Boulevard, Knightdale, NC $3,775,400 7500 0.83
1145 U.S. 70, Garner, NC $4,610,000 2872 -
11480 Capital Boulevard, Wake Forest, NC $5,211,300 12060 1.95
750 Southeast Cary Parkway, Cary, NC CALL 14938 -
12905 US 70 Business Highway West, Clayton, NC $2,250,000 4218 1.72
Closest Commercial Airports
Airport Distance (mi)
Raleigh Durham International Airport (RDU) 12
Piedmont Triad International Airport (GSO) 78
Roanoke–Blacksburg Regional Airport (ROA) 129
Listing Agent
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