Retail Space / North Carolina / Raleigh / 27604 / 3424 Capital Boulevard

3424 Capital Boulevard

Q: What is the asking price for 3424 Capital Boulevard in Raleigh?

The asking price for 3424 Capital Boulevard is $2,300,000

Q: What is the building size of this Retail property in Raleigh, NC?

The size of the building/unit at 3424 Capital Boulevard in Raleigh is 14,249 square feet.

Q: How much land does the Raleigh, NC property at 3424 Capital Boulevard include?

3424 Capital Boulevard in Raleigh includes 3.670 acres of land.

Q: What kind of Retail is the propery at 3424 Capital Boulevard?

The property at 3424 Capital Boulevard Raleigh, NC 27604 is listed as a Food Service Retail property.

Q: What is the population within 1 mile of 3424 Capital Boulevard?

The population within 1 mile of 3424 Capital Boulevard Raleigh, NC 27604 is 9,478 people.

Q: Who do I contact for questions about 3424 Capital Boulevard?

You should contact the listing agent, John Hibbits, for any details regarding this commercial listing.

Raleigh, NC 27604

Listing ID: 255366

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Building Size: 14,249 SF

Lot Size: 3.670 AC

Land Size: 159,865 SF

Building $/SF: $161.41

Land $/SF: $14.39

Price

$2,300,000

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

capitalblvd3424sale-gDR-WID.pdf

Points of Interest & Demographic Radii

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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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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 Population		9,478	85,496	212,843
Population Median Age		38	36	37
Population by Age	0-9 Yrs	1107 (11%)	11444 (13%)	25736 (12%)
	10-19 Yrs	1357 (14%)	10134 (11%)	25382 (11%)
	20-29 Yrs	1258 (13%)	14071 (16%)	34379 (16%)
	30-39 Yrs	1216 (12%)	14266 (16%)	34795 (16%)
	40-49 Yrs	1607 (16%)	11835 (13%)	29981 (14%)
	50-59 Yrs	1240 (13%)	10274 (12%)	25971 (12%)
	60-69 Yrs	837 (8%)	7309 (8%)	20142 (9%)
	70+ Yrs	857 (9%)	6163 (7%)	16458 (7%)

Median HH Income		$55,559	$59,394	$64,505
Total Household Income	< 24K	613 (17%)	5366 (16%)	13493 (15%)
	25-49K	1057 (29%)	8707 (26%)	19876 (23%)
	50-74K	693 (19%)	6555 (19%)	15462 (18%)
	75-99K	530 (14%)	4893 (14%)	12211 (14%)
	100-199K	639 (17%)	6176 (18%)	18180 (21%)
	200K+	65 (1%)	1522 (4%)	6345 (7%)

Highest Education Level	No Diploma	1195	7779	15406
	Diploma or GED	1479	11461	25833
	Some College	1046	11613	28283
	Assoc. Degree	568	5123	11720
	Bachelors Degree	1487	15178	43308
	Higher Degree	547	7033	23311

Total Housing Units		3,993	36,738	94,589
--Owner-Occupied		2,112	17,027	46,018
--Renter-Occupied		1,484	16,192	39,548
Owner-Occupied Values	< 100K	283	1553	3038
	100-199K	1461	7951	16098
	200-299K	344	4412	11789
	300-399K	11	1605	6398
	400-499K	3	753	2708
	500K+	9	752	5987

Total Working Age Population		7,483	67,272	171,696
In Work Force		5,256	49,255	121,495
Not In Work Force		2,227	18,018	50,201
Workforce Employed		4,977	46,888	115,711
Workforce Unemployed		278	2,309	5,589
Civlian Workforce		5,256	49,198	121,300
Military Workforce		0	57	195

Total Households		3,596	33,219	85,566
Family Households		2,045	20,371	49,593
Non-Family Households		1,551	12,847	35,974
Married Couple		1,303	13,142	33,732
Other Family		741	7,229	15,860
Married w/Child		535	5,482	14,255
Single Male w/Child		118	815	1,805
Single Female w/Child		278	3,394	7,111

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
North Carolina	8,049,313	+18	9,535,483	+11	10,630,691	+11	11,836,070
Franklin County	47,260	+28	60,619	+16	70,212	+16	81,204
Johnston County	121,965	+38	168,878	+26	212,401	+27	269,736
Wake County	627,846	+44	900,993	+23	1,109,883	+20	1,328,336

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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.

Common Questions and Answers

What is the asking price for 3424 Capital Boulevard in Raleigh?

The asking price for 3424 Capital Boulevard is $2,300,000

What is the building size of this Retail property in Raleigh, NC?

The size of the building/unit at 3424 Capital Boulevard in Raleigh is 14,249 square feet

How much land does the Raleigh, NC property at 3424 Capital Boulevard include?

3424 Capital Boulevard in Raleigh includes 3.670 acres of land

What kind of Retail is the propery at 3424 Capital Boulevard?

The property at 3424 Capital Boulevard Raleigh, NC 27604 is listed as a Food Service Retail property

What is the population within 1 mile of 3424 Capital Boulevard in Raleigh?

The population within 1 mile of 3424 Capital Boulevard Raleigh, NC 27604 is 9,478 people.

Who do I contact for questions about 3424 Capital Boulevard?

You should contact the listing agent, John Hibbits, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
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