White Oak Crossing (Raleigh MSA)

1210-1230 Timber Drive East
Garner, NC 27529

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 87,446

Price: $12,750,000

Cap Rate: 6.65%

Anchor Tenants: Burlington, Staples, Dollar Tree

Description:

  • 2014 class A construction in a highly developed and desired trade area of The Research Triangle region about 8 miles southeast of downtown Raleigh
  • 100% occupied with 3 publicly traded national credit tenants on long term NNN corporate leases (Burlington stock up 61% in 2015)
  • Part of White Oak Crossing, an 850,000 SF 97% occupied regional shopping destination anchored by Target, BJ’s Wholesale Club, Regal Cinemas, Kohl’s, Dick’s, Best Buy, TJ Maxx, Ross and Michaels
  • Strong demographic area with 77,131 residents with an average household income of $65,548 in a 5 mile radius
  • Ideal location adjacent to Target and at the intersection of I-40 and US-70, providing convenient regional access
  • The Research Triangle Regional Partnership (RTRP) leads development of the regional economic-development strategy, called The Shape of Things To Come. It is a five-year plan to promote economic and job growth in The Research Triangle Region

White Oak Crossing (Raleigh MSA)

Downloads

Investment Summary         

Demographics         

Site Plan         

Aerials         

Investment Flyer         

Investment Package         

Contact

Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
(864) 263-5427 - Main
(404) 435-6312 - Mobile