Population
482,000
Growth (5Y)
+18.5%
Median Income
$76,000
Metro GDP
$138B
Market Overview
Raleigh is the standout growth story in the Southeast, driven by Research Triangle Park's concentration of tech, pharma, and biotech companies. Apple's $1B campus announcement, combined with existing anchors like Cisco, IBM, and Red Hat, has transformed Raleigh into a Tier-1 tech destination. The resulting population explosion — with the metro adding 60,000+ residents annually — is creating exceptional demand for NNN retail across all categories. Cap rates of 5.25–6.75% offer strong yields with outstanding NOI growth potential.
Key Highlights
Research Triangle Park (RTP) is the largest research park in the US with 300+ companies
Fastest growing metro in the eastern US with dominant in-migration from Northern states
Apple's $1B East Coast campus in RTP is bringing 3,000+ high-income tech jobs
NC State, Duke, and UNC create one of the highest-educated workforces in the South
Why Invest in Raleigh
- 1Research Triangle Park anchors one of the highest-income tech workforces in the nation
- 2Apple $1B campus creates a decade of high-income job growth supporting retail demand
- 3Below-average cap rates vs. gateway markets with superior population growth trajectory
- 4Durham and Chapel Hill medical university presence provides recession-resistant employment
Recent NNN Activity
"Raleigh-Durham NNN market hit a record $380M in transactions in 2024. The Cary, Morrisville, and Holly Springs corridors are the most active for new QSR and pharmacy development. Apple's campus footprint is driving premium pricing on NNN assets near RTP."
NNN Snapshot
Cap Rate Range
5.25% - 6.75%
Price Range
$1.5M - $4.5M
Avg Lease Term
13 Years
Unemployment Rate
3.2%
Active NNN Tenants
McDonald'sChick-fil-ACVSDollar GeneralAutoZoneStarbucksWalgreens
Major Employers
CiscoIBMSAS InstituteRed Hat (IBM)Wake County SchoolsDuke University Health
Find NNN Properties in Raleigh
Our advisors have exclusive, off-market NNN inventory in the Raleigh market right now. Contact us to see what's available before it hits the public market.