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SOLD: Charlotte NC, Retail Center 1031 Exchange Upleg

SOLD: Charlotte NC, Retail Center 1031 Exchange Upleg

PRICE: $3,910,000  PriceS/F: $332.00

CAP Rate:  7%

SIZE: +/- 11,764 sf retail center

V0780063 Shoppes at Bentley Ridge - Raleigh, NC - updated.mpd2

The Shoppes at Bentley Ridge is an 11,764 square?foot retail center located at the footsteps of one of the most prominent neighborhoods and submarkets in Raleigh. The property is ideally situated on 1.5 acres, just minutes from Crabtree Valley Mall, PNC Arena, NC Museum of Art, and a stone throw away from Rex Hospital. Also located across the street is Harris Teeter, the areas longstanding and most dominant grocery store.

Raleigh has been rated by Forbes Magazine as the #1 city for business and career, and #1 city to raise a family. Urban West Raleigh and the Edwards Mill Corridor are experiencing an increasing number of rooftops and boast high retail occupancy with stable rents. The subject property is 100% occupied, and is being offered at a price of $3,910,000 and a 7.00% cap rate.

The information provided here has been obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.