Dense & Affluent Surrounding Demographics: Site is positioned in a highly populated area with over 100k people in a 3-mile radius | 1 & 3 mile radius average household income exceeds $105K outpacing the national average ($80,610)
- Great Visibility: Positioned on northbound and southbound Capital Blvd maximizing visibility | Ingress and Egress off of Capital Boulevard (34K VPD)
- A Top Performing Market Nationally: Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) | Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) | Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
- Positioned in a Strong Retail Node: Over 1.2MSF of retail space in a 1-mile radius boasting an vacancy rate of 1.2% | Nearby retailers include: Wegmans, Costco, and various auto repair stores
- Flexible Zoning: Property is zoned in the IX-3 (Industrial Mixed Use - 3 stories max ) zoning provides expansive redevelopment opportunities
- Former Bank Branch W/ Drive Through: Former bank with drive through allows flexibility to re-use the building for different tenant types