620 Chessie St

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620 Chessie St

Apex, NC 27502
Asking Price
$3.62M
Asset Type
Retail
Class
Class B

What's Special

620 Chessie Street is located in Apex, North Carolina, within the mixed-use Beaver Creek Commons area. The neighborhood features a high concentration of national retailers, grocery anchors, and dining establishments, serving the growing suburban population of western Wake County. The property is situated near the intersection of U.S. Route 64 and N.C. Highway 540, providing regional connectivity to the Research Triangle Park and Raleigh-Durham International Airport. The building is suited for general retail, specialty showrooms, or consumer services. Its positioning within a primary commercial corridor makes it appropriate for tenants seeking visibility and proximity to established shopping traffic. Typical occupants for this asset type include apparel retailers, boutique fitness centers, or quick-service food providers looking to leverage the area's high residential density and existing daytime employment base.

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NOI
$80,000
Cap Rate
2.21%
DSCR
0.37
Underwater
Cash-on-Cash
-12.43%
Monthly Payment
$17,924.627
Annual Cash Flow
$-135,095.527

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