x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


Aspen Dental & Stanton Optical, Fuquay-Varina, North Carolina

Aspen Dental & Stanton Optical, Fuquay-Varina, North Carolina


Investment Summary

Price $3,493,000
Cap Rate
NOI
Lease Term Various
Lease Type Net
Rental Increases Various
Year Built 2021
Building Size 5,900 SF (Total)
Lot Size 0.72 acres (31,363 SF)
Status Closed
Lead Brokers Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

100% LEASED CORPORATE TWO-TENANT RETAIL ASSET WITHIN MAJOR RETAIL CORRIDOR
» Long-term net leases to two major medical tenants with annual rental increases
» Aspen Dental is the fastest-growing network of independently owned dental practices in the United States
» Aspen Dental is a corporate lease and operates 939 locations in 43 states
» My Eyelab is a corporate lease and has over 175 locations nationwide
» High-quality 2021 masonry construction

WELL-SITUATED WITHIN THE RALEIGH MSA
» The Raleigh MSA has a population of over two million
» Anchored by well-known research universities North Carolina State University, Duke University, and University of North Carolina at Chapel Hill (78,661 students combined)

HIGH-TRAFFIC LOCATION
» Excellent visibility and access 39,500 vehicles per day directly in front of the property on to U.S. Route 401/North Main Street
» Convenient second access point on North Judd Parkway Northeast (21,000 AADT)
» Beneficial proximity to North Carolina Highway 55, which experiences a traffic count of 27,500 vehicles per day
» Surrounded by a strong mix of local and national tenants including Walmart Supercenter, The Home Depot, Tractor Supply Company, ALDI, Walgreens, Dollar Tree, PetSmart, AutoZone Auto Parts, Panera Bread, Starbucks, Waffle House, and many more

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» 17 miles from Downtown Raleigh, the state capital and second-largest city in North Carolina (12.9 million visitors to the area in 2020)
» Close to several schools, including Fuquay-Varina Elementary School, Fuquay-Varina Middle School, and Fuquay-Varina High School (4,755 students combined)
» Minutes from Wake Technical Community College – Southern Wake Campus (138-acre campus, 70,000+ annual student enrollment)
» Average household income of $121,831 within a five-mile radius
» 87,511 residents live within five miles with a projected 16% growth by 2026

Property Description

SOLD

» The property is located on U.S. Route 401/North Main Street, with excellent visibility and access to 39,500 vehicles per day directly in front of the site
» Additionally, the property has a convenient second access point on North Judd Parkway Northeast (21,000 AADT)
» The site maintains beneficial proximity to North Carolina Highway 55, which experiences an average traffic count of 27,500 vehicles per day
» The property is shadow-anchored by The Home Depot and Walmart Supercenter and adjacent to a Tractor Supply Company-anchored shopping center
» The site is immediately surrounded by a strong mix of local and national tenants including Walmart Supercenter, The Home Depot, Tractor Supply Company, ALDI, Walgreens, Dollar Tree, PetSmart, AutoZone Auto Parts, Panera Bread, Starbucks, and many more
» The property is centrally located near schools, community hubs, and major employers. The site is less than two miles from Fuquay-Varina Elementary School (904 students), Fuquay-Varina Middle School (1,121 students), and Fuquay-Varina High School (2,370 students).
» A total of 87,511 residents live within a 5-mile radius of the site, with a projected 16 percent growth by 2026.

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link