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RCG Ventures Acquires Retail Property In Raleigh From Global Net Lease For $29.55M

Property Image
SOLD
$29,550,000

North Carolina

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Retail153,350 SF
Sold 04/08/2025
the dealdetailscomps
Property Image
SOLD

RCG Ventures Acquires Retail Property In Raleigh From Global Net Lease For $29.55M

3630 Sumner Boulevard

See Similar Deals
Retail153,350 SF
Sold 04/08/2025
the dealdetailscomps

Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$192
Total Square Footage:153,350 SF
Transaction Type:Sale

The retail property located at 3630 Sumner Boulevard in Raleigh, NC, was sold for $29,550,000. The asset spans 14.4 acres and encompasses a total of 153,350 square feet. The price per square foot for the transaction was $193. The property notably includes five buildings and has an assessed value of $26.62 million. This site was previously sold for $28.4 million in 2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $29,550,000
  • Buyer: RCG Ventures
  • Seller: Global Net Lease, Inc.
  • Sale Date: 04/08/2025
  • Market: Raleigh, NC
  • Acres: 14.4
  • Square Footage: 153,350
  • Price per Square Foot: $193

Key tenants of the Triangle Town Place include Dick’s Sporting Goods and Nordstrom Rack, contributing to the property's appeal. This transaction reflects the ongoing activity and investment interest in the Raleigh retail market.

Players

RCG Ventures
RCG Ventures
BUYER

Details

SOLD
IMAGE: 04/08/2025 ADDRESS: 3630 Sumner Boulevard MARKET: Raleigh, NC ASSET TYPE: Retail ~ ACRES: 14.4 BUYER: RCG Ventures SELLER: Global Net Lease, Inc. SALE PRICE: $29,550,000 SF: 153,350 ~ PPSF: $193 NOTE: Triangle Town Place in Northeast Raleigh was sold for $29.55 million to RCG Ventures, with key tenants including Dick’s Sporting Goods and Nordstrom Rack. The 14.4-acre property, which last sold for $28.4 million in 2022, has a total assessed value of $26.62 million and includes five buildings totaling 153,350 square feet.

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