This Retail Property is no longer advertised on LoopNet.co.uk.
5111 Wake Forest Rd
Durham, NC 27703
CVS · Retail Property For Sale
Investment Highlights
- Rare rent increases in primary term and options | 5.22% increase in 2025 & 3% each option
- Signalized corner intersection | Wake Forest Hwy & Patterson Rd | 24,000 VPD combined
- Affluent surrounding area | $135,525 average household income within a 3-mile radius
- Recent investment into the property | Brand new roof installed in 2022
- Long operating history with established consumer base | Leased since 2008
- Explosive population growth with a 1-mile radius | 55.34% from ‘10-’23
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Drug Store
- General Retail Freestanding
Building Size
13,602 SF
Building Class
C
Year Built
2008
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
1.79 AC
Zoning
NC
Parking
65 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
- 96 ft on Patterson Rd
- 128 ft on Wake Forest Hwy
Amenities
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
Links
PROPERTY TAXES
Parcel Number | 166363 | Improvements Assessment | £2,807,696 |
Land Assessment | £624,180 | Total Assessment | £3,431,876 |
Listing ID: 29987124
Date on Market: 07/11/2023
Last Updated:
Address: 5111 Wake Forest Rd, Durham, NC 27703
The Retail Property at 5111 Wake Forest Rd, Durham, NC 27703 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.