Marcus and Millichap is pleased to present to a qualified investor the opportunity to acquire the exclusively listed 120 single-family home portfolio. The 120 single-family homes are primarily located in the Raleigh and Fayetteville Markets. The portfolio is evenly split between Raleigh and Fayetteville markets with 60 homes in each market. The portfolio is highly concentrated in the core cities with 43 homes located within Raleigh and 39 homes located within Fayetteville. The investment offers a seven percent cap rate based on actual trailing year data. The assets are primarily stable, below median priced homes which provide the best combination of current cash flow, stability, and potential price appreciation.
9-acre site zoned for multifamily development.
Marcus & Millichap is pleased to present to a qualified investor the opportunity to acquire Kangaroo Express #3092, a 1,736 square foot convenience store and gas station situated on .65 acres in Raleigh, North Carolina. The subject property comes equipped with a full canopy of six gas pumps and twelve filling stations. Kangaroo Express #3092 is exclusively offered at a price of $800,000 with the opportunity to achieve a blended cap rate of ~9.00% over the remaining Absolute Net Lease term of four years if closed quickly. If the purchase does not include the Year 1 rent, a 6.00% cap rate will be achieved. The subject property is located on a hard corner of Millbrook Rd. and Atlantic Ave in Raleigh, NC. Atlantic Ave is an alternate route for Capital Blvd, Raleigh's most traveled corridor in and out of Downtown Raleigh. Millbrook road connects Atlantic Ave and Capital Blvd. The intersection has no turn restrictions and strong traffic counts of 19,000 and 24,000 respectively. There is excellent visibility with two-way access from both roads.
Build a barn and have a perfect little mini-farm just minutes from Raleigh and Cary! The amazing 3 bedroom 3 1/2 bath home has 3 fireplaces, Brazilian Cherry hardwoods, 4 car attached garage, finished bonus room over the office and the list goes on! The yard has been landscaped incredibly well with white fencing, gazebo, water feature, outdoor patio, additional garage or workshop and plenty of space.There have been many recent improvements to the home including a new kitchen remodel, and the property includes a underground fence for the pets, Rain Bird Irrigation system, security system and more! Watch the Video!
Two lots that can be sold separately or combined. Lot 19 is 2.09 acres and Lot 20 is 2.35 acres. Maplewood is a dirt drive subdivision in the Eastwood area of Moore County with a very common sense list of restrictions.
Marcus & Millichap is pleased to present to a qualified investor, the opportunity to acquire the exclusive listing SunTrust Wakefield at 13341 New Falls of Neuse Road in Raleigh, North Carolina. SunTrust Wakefield is a prestigious two floor banking facility totalling 13,120 square feet, ideally situated on a 1.55 acre lot. SunTrust Bank occupies the lower portion of the building totalling in 7,450 square feet with seven years remaining and four, five-year options. The 2nd Floor is now available for lease, the space contains 5,215 SF. The subject property is being offered at $3,850,000 or a 6.00% Cap Rate on 2014 SunTrust Actual Income. Pro-forma rents are estimated at $15.00 / SF for the 2nd floor office space, producing a 8.60% Cap Rate return upon lease-up.
This commercial property is ideally situated near a critical intersection of Hwy 401 & Ten Ten Rd between Raleigh, and high growth communities of Fuquay-Varina and Holly Springs NC. Just 20 minutes from Raleigh and the Research Triangle, these communities are experiencing high residential and business growth as a result of 1) the expansion of Fort Bragg, 2) a planned expansion of the Route 401 corridor from Fayetteville to Raleigh, 3) the completion of I-540, 4) the Veridea development project in Apex that will create 30,000 new jobs, and 5) the completion of the Novartis pharmaceutical plant in Holly Springs,
Size Upon Req.$185,000
5 Townhouse Building lots ready to build on. Building Plans included. City water and sewer, Cable and Natural Gas. This is the last building pad of 10 buildings. HOA with Covenants. Phenomenal rental area. Builder owned lots, could build for an investor.