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4500 Western Blvd
10,000 - 117,440 SF of Retail Space Available in Raleigh, NC 27606
Highlights
- vpd
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 10,000-117,440 SF | 18’ | Negotiable | $24.00 /SF/YR $2.00 /SF/MO $258.33 /m²/YR $21.53 /m²/MO $234,880 /MO $2,818,560 /YR | Triple Net (NNN) |
1st Floor
Prime location with high visibility on the corner of Western Blvd. and Blue Ridge Rd.
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- High Ceilings
- Finished Ceilings: 18’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 4500 Western Blvd , Raleigh, NC 27606
| Min. Divisible | 10,000 SF | Gross Leasable Area | 117,440 SF |
| Property Type | Retail | Year Built/Renovated | 1971/1995 |
| Property Subtype | Freestanding | Parking Ratio | 7.88/1,000 SF |
| Min. Divisible | 10,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 117,440 SF |
| Year Built/Renovated | 1971/1995 |
| Parking Ratio | 7.88/1,000 SF |
About the Property
CityPlat is pleased to offer a prime retail space in one of Raleigh's most coveted locations. This property features a 117,440-square-foot former Kmart building, situated on 12.28 acres at the intersection of four major roads, providing excellent visibility with over 100,000 vehicles passing by daily. The existing building can be subdivided into 5-7 smaller retail suites, ranging from 10,000 to 30,000 square feet. Each suite will feature modern upgrades, including enhanced parking, improved landscaping, roof repairs, replacement of a stormwater pipe, whiteboxed interiors, and a fully renovated façade—creating a fresh and inviting retail environment. This property represents a rare leasing opportunity in a high-demand market, offering exceptional visibility and accessibility for retailers looking to establish a presence in Raleigh.
- Bus Line
- Freeway Visibility
- Signage
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Vincenzo Verdino -
Nikita Zhitov -
Patrick Moore -
Gaurav Patel -
CityPlat
Presented by
4500 Western Blvd
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