5501-5505 Capital Blvd
Raleigh, NC 27616
Shoppes on Capital | High Traffic Location · Retail Property For Sale

The property is located at the signalized hard corner of Capital Boulevard and Oak Forest Drive, with excellent visibility and access to over 53,000 vehicles per day directly in front of the property. Convenient access to Interstate 540, a heavily trafficked highway with an average traffic count of 68,000 vehicles per day, is located less than a mile from the property. Capital Boulevard is a dense retail corridor, and the property is located near a number of large retail centers. The property is within walking distance of Triangle Town Center, a shopping mall with over 1.5 million square feet of retail space and five anchor tenants: Belk, Dillard’s, Macy’s, Sears, and North Carolina’s first Saks Fifth Avenue. Other major shopping centers located within walking distance of the property include Poyner Place, anchored by Super Target, Toys “R” Us, and Ross; Capital Crossing, anchored by At Home, Sam’s Club, Lowe’s, and Conn’s; and Plantation Point, anchored by BJ’s Wholesale Club, Big Lots, and Marshalls. The property is centrally located and is bolstered by robust demographics. The property is located just eight miles from downtown Raleigh and is close to several industrial parks. The property is also surrounded by residential neighborhoods and is near several schools; East Millbrook Middle School, with 985 students, is less than half a mile from the property, and Millbrook High School, with 2,571 students, is just over a mile away. In total, 196,160 residents live and 119,488 daytime employees work within a five-mile radius of the property, providing a large customer base.