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417 W Peace St
Raleigh, NC 27603 Capital District

$19,480,000 USD

Apartments Condo For Sale  •  45,600 SF

Property Details

  • Property Type Apartments
  • Total Building Size 45,600 SF
  • Lot Size 1.05 AC
  • Building Class A
  • Year Built 2020
  • Tenancy Single
  • Zoning Commercial
57 Transit Score
90 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 100 Retail 45,600 SF $19,480,000 USD
  • Unit Size: 45,600 SF
  • Condo Use: Retail
  • Price: $19,480,000 USD
  • Sale Type: Investment
  • Price/SF: $427.19 USD
Sale Notes
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Publix (Condo) in Raleigh, NC. We welcome your review of this attractive investment.

Highlights

Outstanding infill location | Only true grocer in downtown Raleigh
Long lease term | 14.5 years remaining | Rare single-tenant grocery investment | Best-in-class grocer | Corporate guaranteed lease | Publix Super Mark
Located at the ground floor of Cortland Glenwood South | Class A multifamily building | 417 units | Avg 95% occupancy | 12 Stories
Explosive population growth within a 1-mile radius | 51.23% from 2010- 2025
Attractive population density within a 5-mile radius | 232,759 residents
Affluent surrounding area | $151,717 average household income within a 1-mile radius

Public Transportation

Commuter RailDriveWalkDistance
Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) 3 min 17 min 0.9 mi
Cary Station (Piedmont - North Carolina by Train (NC Train)) 18 min - 8.6 mi
Transit/SubwayDriveWalkDistance
Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Raleigh-Durham International 22 min - 12.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 226
Type: AttachedGarage
Included in Rent: Yes
Carl Brendes 704-714-2363 Berkeley Capital Advisors
Carl Brendes 704-714-2363 Berkeley Capital Advisors