2821 Spring Forest Rd
Retail | 13,800 SqFt
Marketing description
Presenting 2821 Spring Forest Rd, a well-positioned 3-tenant retail investment opportunity in the highly desirable Raleigh market. This ±13,800 SF retail property is offered at $3,777,500, reflecting a 7.19% cap rate and $273 per square foot.
The property features a strong multi-tenant mix, providing stable income and diversification for investors. Strategically located along Spring Forest Rd, the site benefits from excellent visibility, steady traffic counts, and convenient access to major thoroughfares, making it an attractive destination for both tenants and customers.
With Raleigh’s continued population and economic growth, this asset presents a compelling opportunity for investors seeking reliable cash flow and long-term appreciation in one of North Carolina’s most dynamic markets.
Investment highlights
- Price: $3,777,500
- Cap Rate: 7.20%
- ΝΟΙ: $271,968
- Building Size: 13,800 SF
- Property Type: Retail (Storefront)
- Building Size: 13,800 SF
- Lot Size: 1.12 AC
- Year Built: 1996
- Price/SF: $273.73
- Occupancy: 100% Leased
- Building Class: B
- Tenancy: Multi-Tenant (3 units)
- Parking: 47 spaces
- Zoning: Industrial 1
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