Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully brokered the sale of a retail portfolio anchored by a Walmart Supercenter in Raleigh, North Carolina. The six-parcel property, located on New Bern Avenue, includes four multi-tenant retail buildings and two single-tenant properties, covering approximately 58,721 square feet across 8.44 acres. The portfolio features a mix of retail, medical, and restaurant tenants such as UNC Healthcare, AutoZone, Starbucks, and Wing Stop. The property was sold to Neighborhood Grocery Catalyst Fund LLC, a joint venture co-managed by Phillips Edison and Lafayette Square USA, Inc., after receiving over a dozen offers, highlighting strong investor confidence in the Raleigh-Durham market. Marcus & Millichap anticipates a positive trend in retail investment values, provided interest rates decline without triggering a recession.
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