| INVESTMENT HIGHLIGHTS: |
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Strong Location right off I-40 in Cary, an affluent and young close-in suburb of Raleigh, located in between two of the MSAs most high profile retail projects, Cary Towne Center and Crossroads Plaza.
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Population Growth – Cary is the 8th fastest growing city in the United States with an annual average increase of 5%. Excellent Demographics with 75,000+/- residents within 5-miles representing an average household income of $75,900+/- |
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High traffic location – 26,000+/- cars on Walnut St at the Buck Jones Rd. intersection and 17,000+/- cars on Buck Jones Rd. at the Walnut St. intersection. |
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| PROPERTY SPECIFICATIONS: |
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Location: |
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1721 - 1751 Walnut Street
Cary, NC |
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Type: |
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Neighborhood Shopping Center |
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Size: |
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104,441± sq ft GLA
11.83± acres |
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Tenants: |
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Borders Books, Lifestyle Fitness, Monkey Joes, Golf Galaxy, Dollar Tree and Gypsy's Shiny Diner |
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Year Built: |
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1994 |
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Stabilized NOI: |
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$693,140 |
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Occupancy: |
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100% |
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Price: |
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$8,200,000 ($78.51 PSF) |
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