1486 GARNER STATION BLVD Raleigh NC 27603-3600

Cbre|raleigh is Pleased to Offer the Opportunity to Purchase North South Station, a 310,297 Square Foot Retail Center, Located Approximately 3 Miles South of Downtown Raleigh at the Major Intersection of Hwy 401 and Us 70. Situated on 38.40 Acres Across Two Centers, North South Station is Anchored by Gabe’s, Belk, Carlie C’s, Big Lots and Talecris Plasma Resources. The Property Includes Other National Brands Such as Subway, the Athlete’s Foot, Bath and Body Works and Cato Fashions.

North South Station is Part of the Southern Wake Submarket Which Boasts a 2.0% Vacancy Rate and Over 4+ Million Square Feet of Existing Product. Built in 1990 and 1998, the Center is 92% Occupied With Robust Leasing Momentum and an Incredibly Sticky Tenant Base. The Average Tenant Has Been at the Property for Over 12 Years and Over a Quarter of Them Have Been at North South Station for Greater Than 20 Years. Since Covid Began in March 2020, the Property Has Renewed or Signed New Deals for 23 of the 28 Total Tenants Which Reflects 57% of the Premise. The Current Walt is 3.0 Years, Offering Near Term Mark to Market Opportunities for Rents That Are on Average 25% Below Market in a Rapidly Growing Region of Raleigh-durham.