4910 Raleigh Common Dr, 100% Leased by Chase Bank on a NNN
Office | 3,000 SqFt
Marketing description
Premier Single-Tenant Net Lease Investment Opportunity.
This 3,000 SF freestanding building sits on a highly visible corner lot within Raleigh’s revitalized commercial corridor and is fully leased to CHASE BANK, a nationally recognized credit tenant. The property is in year three of a 15-year initial lease with 13 years remaining, three renewal options, and a true NNN structure, offering passive income with minimal landlord responsibility. The lease features 10% rent increases every five years, providing strong inflation protection and long-term NOI growth.
The surrounding area is experiencing significant commercial expansion, with recent and upcoming developments including Starbucks, Chick-fil-A, Whataburger, Tropical Smoothie Café, Valvoline Instant Oil Change, and Glide Xpress Car Wash, as well as the Raleigh Springs Civic Town Center completed in 2023. The property is also supported by nearby national retailers, financial institutions, healthcare providers, and a dense concentration of quick-service restaurants, driving consistent traffic and consumer demand.
With its prime location, strong credit tenancy, and built-in rental growth, this offering presents a stable, long-term investment in a rapidly strengthening trade area.
Investment highlights
Cap Rate 5.38%
Current NOI $52,500
15 Year Initial Lease (12 years +/- remaining)
Lease Expires October 31, 2038
Escalations 10% increase every 5 yrs
minimal landlord responsibilities
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