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About The Groves at 421
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 108-unit, The Groves at 421 apartment community located in Lillington, NC. Built in 2022, the property offers an outstanding opportunity to invest in a high-end asset with significant growth potential. With exceptional community amenities for a property this size, and premium, brand new unit features, incoming investors can acquire a turn-key asset in close proximity to the booming Triangle. Raleigh/Durham is experiencing sustained, rapid industry growth, ranking #2 nationally for fastest growing metros in the U.S. Market comparables offer more than $200 in headroom, highlighting The Groves at 421 as an exceptional opportunity to invest in a high-quality asset offering substantial rent growth potential through a mark-to-market leasing strategy.
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