3001 Wakefield Crossing Dr

Investment Overview

A 6,420 SF automotive service facility on a 2.35-acre parcel, generating $161,505 in base rent effective July 17, 2026 ($25.16/SF). Offered at $2,604,919, a 6.20% CAP rate, the asset combines stable in-place income with 3% annual escalations and meaningful underlying land value. Its location within the master-planned Wakefield community reinforces long-term durability and tenant performance.

Investment Highlights

• » PIN: 1739183751
• » Lot size: 2.35 acres
• » Future Land Use: Community Mixed Use (City of Raleigh)
• » Traffic count: ±26,500 VPD on Falls of Neuse Road — highest in the portfolio
• » Lease in place through July 31, 2033, providing approximately 7 years of remaining term and 3% annual rent escalations.
• » Three additional five-year renewal options
• » PE-backed tenant platform
• » Located within the highly regarded Wakefield master-planned community
• » Excellent access to high-density residential rooftops and I-540 / US 1