Listed by CBRE - Raleigh
$4,644,445
309 COLONADES WAY CARY NC 27518-7010
Details
APN 0762544061
Property Type Retail
Sub Type Bank
Square Footage 3,211
Units 1
Cap Rate 4.50%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 15
Year Built 2021
Stories 1
Acreage 1.450
Ground Lease No
Chase Bank | Raleigh-Durham, NC | Ground Lease with 15+ Years Remaining | Strong Demographics
Marketing description
Retail • 3,211 SF • 1.45 acres
Investment highlights
The offering is a rare 20-year Chase Bank ground lease with ~15.3 years of term left in one of the most desirable submarkets in the Raleigh-Durham market. This 3,211 SF building sits in the vibrant Waverly Place retail center, anchored by Whole Foods, across from WakeMed's Cary Campus. It is surrounded by some of the strongest demographics in the state of North Carolina. The lease features 10% rent escalations every five years. The offering is priced at $4,644,445, representing a 4.5% capitalization rate.
Listing Contacts
Listed by CBRE - Raleigh
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Zoning
GC-CU CommercialGeneral CommercialGeneral Commercial District Conditional Use
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