Listed by Berkeley Capital Advisors Charleston, Berkeley Capital Advisors Charlotte
Unpriced
Wallbrook Shoppes
Details
APN 1758469328, 1758456679
Property Type Retail
Sub Type Shopping Center
Square Footage 29,306
NOI $1,169,186
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $1,169,186
Class A
Year Built 2025
Buildings 3
Acreage 4.270
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee
Ground Lease No
Retail | 29,306 SqFt
Marketing description
Berkeley Capital Advisors is pleased to exclusively present the opportunity to acquire Wallbrook Shoppes in Rolesville (Raleigh MSA), NC. The asset features exceptional credit tenants, including Publix (shadow), Five Guys, Jersey Mike's, Great Clips, and Tropical Smoothie Cafe.
Wallbrook Shoppes is well positioned on the busy road, S Main St and directly connects Rolesville to Highway 401 (56.5K VPD) and the rest of the Raleigh market.
The property has a service focused rent roll with over 93% of existing tenants operating an e-commerce resistant business that can't be replicated through digital marketplaces.
The asset benefits from Rolesville's strong demographic trends, with the population projected to grow by 9.42% in a 5-mile radius and an average household income of $125K in that same radius.
Investment highlights
- Wallbrook Shoppes was recently constructed in 2025, minimizing the likelihood of significant capital expenditures, and is 100% leased displaying the demand for retail on this corridor. The rent roll features 13 new tenants with 5-, 7-, and 10-year leases, all of which include annual escalations between 2% and 3%, resulting in a 10-year CAGR of 2.82% reflecting the built-in rent escalations.
- Wallbrook Shoppes benefits from a large and growing consumer base, with 38,430 households and a population of 105,126 residents within a five-mile radius. Population growth is projected to increase by approximately 9.42% over the next five years, supporting sustained demand for retail goods and services. Additionally, the average household income within the same 5-mile radius of $125,675 is well above the national average.
- The Center is surrounded by four neighborhoods, Calton Pointe, Villages of Rolesville, Wall Creek and Hampton Pointe totaling over 300 homes built between 2009 and 2024. Between 2020 and 2025 the population within 3 miles of the center increased by 14.7% displaying the explosive growth in Rolesville and the Raleigh MSA.
- Wallbrook Shoppes is positioned approximately half a mile south of the forthcoming WakeMed Rolesville Healthplex, a 32,000-square-foot healthplex that will sit at the corner of Burlington Mills Road and Walls Cove Lane. The facility broke ground in 2026 and will feature a 24/7 full-service emergency department with 12 treatment rooms, diagnostic imaging, lab services, and pharmacy services.
- Wallbrook Shoppes is strategically located along S Main St and is a beneficiary of the Rolesville Main Street Project which included widening of the road, inputting medians, landscaping, and the addition of a 10' multi-use pathway. Furthermore, Wallbrook Shoppes is just one mile from Hwy 401 (56.5K VPD), providing seamless connectivity to Raleigh and expanding the center's reach to a broader customer base.
- Wallbrook Shoppes sits adjacent to a new Publix store owned by the grocer providing plenty of complimentary cross shopping. Additionally, the Shoppes are surrounded by other complimentary single tenant developments including Bojangles, 5th/3rd Bank, Chase Bank, 7/11, Hall of Fame Car Wash, and Rollesville Dental Care.
Listing Contacts
Listed by Berkeley Capital Advisors Charleston, Berkeley Capital Advisors Charlotte
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$1,169,186.00
$97,432.17/mo
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