Retail Business for Sale in Raleigh, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Raleigh, NC 27616

Description

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.

Market Context

This retail in Raleigh, NC is listed for sale. It has been on the market for 93 days. Compare it against other retail listings for sale in Raleigh, NC — <a href="/search/sale/retail/north-carolina/raleigh">view the full market</a>.

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, rents up 3.1% year over year, and cap rates around 5.9%. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Raleigh?
About 5.9% as of Q1 2025, per Consensus.
Is the Raleigh retail market tightening or softening?
Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$29.95/SF – $40.51/SF

Mid: $35.23/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 7 comparable listings.

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