Senior Director

Tom Kolarczyk

JLL is pleased to offer for sale the Sears and Sears Auto Center located at Triangle Town Center Mall in Raleigh, NC. Located in the Northeast portion of Raleigh, the asset benefits from strong demographics and an established retail corridor. The mall is anchored by premier names such as Sak’s Fifth Avenue, Macy’s, and Belk. Sears currently occupies the 154,004 SQFT box, and has an excellent outparcel for the Sears Auto Center. Raleigh is NCREIF’s #2 retail market in the country over the past 3 years.

Lease Description

154,004 SF available

Well-leased mall with excellent shadow anchors (Target, Marshalls, Aldi, Hobby Lobby) that consistently drive traffic to this retail destination

Site boasts numerous access points from Hwy 1 / Capital Blvd (51,000 VPD)

The Sears accounts for 12% of the overall mall GLA

Located within a densely populated region and pulls from a large trade area that is home to over 340,000 people within a seven-mile radius. The population is projected to increase 10% over the next five years and the area features an average household income of approximately $105,000. Raleigh-Durham-Cary-Chapel Hill was recently projected to be one of the fastest growing large cities in the U.S. between now and 2030. The MSA welcomed 900,000 newcomers for a 68%.

This Sears location along the Route 1 retail submarket is home to over 10 million SF of retail space that is collectively 97.3% leased. The submarket has experienced positive net absorption over 850,000 square feet and a 15.8% rental rate growth over the last five years. Submarket fundamentals remain positive with rent growth expected to increase 10%+ over the next two years and retail development projected to be limited.

Triangle Town Center

Washington, D.C.

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Sale - Office - Additional Filters

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Rent - Retail - Additional Filters

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Default - Office - Surface

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Rent - Multifamily - Additional Filters

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Sale Additional Filter

Rent Additional Filters

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Sale - Industrial - Additional Filters

Rent - Office - Additional Filters

Sale - Retail - Additional Filters

Rent - Industrial - Additional Filters

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Default - Default- Additional Filters

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Default - Land - Lot Size

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Default - Default - Surface

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Default - Default - Price

Broker Inquiry

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Triangle Town Center

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