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Virtual Drive-By

TD Bank Absolute NNN

407 E Six Forks Rd · Raleigh, NC 27609 · Banking / Financial

Asking price
$4,750,000
Cap rate
5.00%
NOI
$237,500

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Lease

Lease typeAbsolute NNN
Term remaining—
Expiration—
Rent bumps2.50% Annually
Options2 X 5 Years
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,500
Price / SF$1,900
Year built2025
Lot size0.59 ac
TypeBank
Days on market159

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​

    10-year absolute NNN lease with annual 2.50% rent bumps & below-market rents

  • ​

    Situated in the heart of Raleigh's top retail corridor anchored by Costco, Target, and North Carolina's most visited Wegmen's

  • ​

    Brand-new 2025 construction

  • ​

    38% population growth within 1-mile since 2010 and AHHI's of $128,000

  • ​

    Multiple access points and clear exposure to E Forks Rd (23,500 VPD)

Property overview

Jones Lang LaSalle Americas, Inc.​ (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a freestanding TD Bank located at 407 E Six Forks Rd, Raleigh, NC (“Property” or “Asset”).​ TD Bank is one of the largest banks in the nation and maintains an investment-grade rating from Standard & Poor’s (A+ / Stable) and Fitch (AA-).​ The lessee is operating on a 10- year absolute NNN lease with zero landlord responsibilities and attractive 2.5% annual rent escalations throughout both the primary term and four, five-year renewal options.​ Additionally, TD’s rents are well-below market and provide ownership with a future mark-to-market opportunity.​

The newly constructed Asset features a drive-thru format and occupies a prime location at the intersection of Wake Forest Rd and Six Forks Rd with clear exposure to over 51,000 vehicles per day.​ The Property also benefits from strong local demographics including nearly $128,000 average household income and robust 37.8% population growth since 2010 within a 1-mile radius.​

Located in Mid-Town (North Hills) and centrally located within Raleigh, the Asset sits within a thriving mixed-use corridor anchored by Costco Wholesale with diverse retail, commercial, and residential properties nearby.​ Across Wake Forest Rd is the most visited Wegmans grocery store in North Carolina with 1.5M annual visits and Holly Park shopping mall with 2.5M annual visits (Placer.​ai).​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.