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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

±27.24 ACRE MULTIFAMILY/MIXED-USE OPPORTUNITY ZONE SITE NEAR DOWNTOWN RALEIGH | GARNER, NC

Investment Highlights

  • Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), is pleased to offer for
  • sale a prime 27.24-acre opportunity zone development opportunity in the Town of Garner’s ETJ.
  • Proximate access to South Raleigh’s main arterial, US-401, provides direct access to Downtown
  • Raleigh (50,000+ employees). The surrounding submarket is poised for rapid growth - in the
  • coming years, accessibility to the area will be greatly increased as the Wake Bus Rapid Transit
  • (BRT): Southern Corridor will connect downtown Raleigh with the North South Station and Purser
  • Drive in Garner. The future land use designation of 'Mixed Activity Center' supports multifamily,
  • office and retail uses. The municipality has indicated that they are supportive of these uses due
  • to their comprehensive 'Garner Station' plan. 601 Tryon is across the street from Renaissance
  • Park, a recent, single family development with strong pricing from $325,000-$450,000. A
  • recently announced $2B entertainment district dubbed ‘Downtown South’ this massive mixed-use
  • development will likely be a catalyst for additional investment in this prominent southern suburb
  • and 601 Tryon is a unique opportunity to establish a strong foothold in this booming submarket.
Last Updated Date: 19 Aug 2020
Sarah Godwin
Sarah Godwin
Director, Capital Markets
License details
NC-270966 SC-108916
Hunter Barron
Hunter Barron
Senior Director, Capital Markets
License details
NC-259804 SC-96951

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Last Updated Date: 19 Aug 2020

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