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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
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

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

PROPERTY TAXES

  • Listing ID: 29987124

  • Date on Market: 07/11/2023

  • Last Updated:

  • Address: 5111 Wake Forest Rd, Durham, NC 27703