817 N Smithfield Rd. Knightdale, NC 27545
Year Acquired: 2023
Purchase Price: $6,000,000
Area: 33,280SF
Acres: 4.21AC
Tenant Count: 12 Tenants
Notable Tenants:
-Sports Page
-Grand Street Pizza
Description:
Knightdale Crossing is a valuable addition to our portfolio. Acquired in 2023, this 33,280-square-foot, 12-tenant unanchored shopping center is strategically located near the intersection of Knightdale Blvd and Smithfield Rd. Knightdale, a rapidly growing town just minutes from Raleigh, NC, is part of the thriving Raleigh MSA.
When we acquired the property, most tenants were on month-to-month leases dating back to the late 1990s and early 2000s. This provided an opportunity to align rental rates with the current market. We continue to be impressed by the pace of growth in the town of Knightdale.
