- For Sale $7,350,000
- Property Type VacantLand
- Lot Size 0.65 Acre
- Date Updated Apr 26, 2024
Two parcels of land totaling 0.65 acres in the Village District of Raleigh, NC.
The Property is fully leased to Pinnacle Bank under a 20-year NNN ground lease.
Pinnacle is in the process of constructing a ±11,500 SF bank and wealth management office that is scheduled to be completed in 1Q 2024.
Net Ground Lease in Top Urban Location (The Village District) of Raleigh, NC
Great 1031 Replacement Property Yielding Monthly Cash Flow
Dense Residential and Retail Submarket within Walking Distance of North Carolina State University
20-Year Lease with 10% Increases Every 5 Years
Tenant is a Publically Traded Regional Bank with a Baa1 Moody's Credit Rating, Assets of $42 Billion, and a Market Capitalization of $4.17 Billion
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Contacts
Location
Getting Around
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Walk Score ®
94/100
Walker's Paradise
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Transit Score ®
50/100
Good Transit
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Bike Score ®
82/100
Very Bikeable
- City Raleigh, NC
- Neighborhood Fairmont
- Zip Code 27605
- Market Raleigh Durham
Points of Interest
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Raleigh
1.17 miles
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Cary
6.69 miles
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Zone 4: Limos
9.29 miles
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Zone 1: Prearranged Services
9.30 miles
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Exxon
0.69 miles
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Pullen Mart
0.70 miles
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Resco
0.92 miles
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Exxon
1.00 miles
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Exxon
1.22 miles
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BP
1.22 miles
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Speedway
1.23 miles
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Nash Square Charging Station
1.32 miles
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BP
1.43 miles
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Speedway
1.60 miles
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Boney Drive Lot
0.34 miles
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Raleigh Little Theatre Parking Lot
0.38 miles
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Coliseum Parking Deck
0.48 miles
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Williams Hall Parking
0.54 miles
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Student Services Lot
0.66 miles
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Dan Allen Parking Deck
0.72 miles
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University Towers parking garage
0.73 miles
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ValPark
0.86 miles
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The Standard
0.86 miles
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Bloc(83) Parking Deck
0.95 miles
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Aloft Raleigh
0.13 miles
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DoubleTree by Hilton Hotel Raleigh - Brownstone - University
0.32 miles
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Hampton Inn & Suites Raleigh Downtown
0.92 miles
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AC Hotel by Marriott Raleigh Downtown
0.98 miles
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Hotel 83 Raleigh
1.05 miles
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Days Inn: Raleigh Downtown
1.18 miles
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Friendship Inn Capitol
1.18 miles
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Holiday Inn Raleigh Downtown
1.19 miles
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The Longleaf Hotel
1.20 miles
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Sheraton Raleigh Hotel
1.61 miles
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Noodles & Company
0.09 miles
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Cafe Carolina
0.09 miles
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Tupelo Honey Cafe
0.12 miles
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Gonza Tacos y Tequila
0.14 miles
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Subway
0.14 miles
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Players' Retreat
0.19 miles
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Bruegger's Bagels
0.19 miles
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Flying Biscuit
0.19 miles
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Blend Raleigh
0.20 miles
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Taco Bell
0.20 miles
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North Carolina State University
0.12 miles
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North Carolina State University Central Campus
0.53 miles
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Broughton High School
0.53 miles
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North Carolina State University North Campus
0.56 miles
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Broughton High School - Main Building
0.61 miles
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Pod 1
0.61 miles
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Pod 2
0.64 miles
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Wiley School
0.69 miles
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Saint Mary's School
0.72 miles
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Governor Morehead School for the Blind
0.75 miles
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The Goddard School
1.73 miles
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Gethsemane Seventh Day Adventist Day Care Center
4.10 miles
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Young Missionary Temple Day Care and Learning Center
4.46 miles
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Word of God Christian Day Care Center
4.59 miles
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Millbrook KinderCare
4.75 miles
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Chesterbrook Academy
5.03 miles
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Abundant Life Child Care Center
5.68 miles
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The Goddard School
6.15 miles
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Good Shepherd Lutheran Preschool
6.53 miles
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La Petite Academy
6.62 miles
Frequently Asked Questions
What is the lease rate for 307 & 311 Oberlin Road?
Rental asking rate at 307 & 311 Oberlin Road is $3,675,000.00/YR.
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