Available For Sale - Investment

9,575 SF | Show Pricing $

Investment Space in Cary for sale

AVAILABILITY DETAILS

Size
9,575 SF
Price/SF
Show Pricing $
Listing ID
SA481843
Notes
Year Built

2000

Description

Lee & Associates Raleigh-Durham is pleased to exclusively offer the opportunity to acquire 312 West Chatham Street, a 9,575

square foot income-producing property in Downtown Cary, North Carolina. The property is situated on 0.66 acres with excellent visibility and premium frontage on the main corridor in Downtown Cary. Cary, part of the Raleigh MSA, is one of the most prosperous towns in the United States.

Highlights

312 West Chatham Street is leased with stable in-place cash flows.

Annual rent escalations between 3 and 5% with all leases.

Modified gross leases with minimal landlord responsibilities.

Below market rents with average lease rate of $14.93 per square foot modified gross.

142,000 people live within a 10-minute drive, with an average household income of $112,000.

Downtown Cary has nearly 500 residential units in the development pipeline.
Uses
Investment

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Karah Jennings, Lee & Associates - Raleigh Durham