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

Located at 620 Chessie Street in Apex, North Carolina, this retail property is situated within a developing mixed-use corridor characterized by residential growth and commercial expansion. The site offers proximity to major transit routes, including Highway 55 and US-1, providing regional connectivity to the broader Research Triangle area. Nearby amenities include established shopping centers, local dining options, and recreational parks, supporting a steady flow of local traffic. The property is suited for neighborhood-serving retail, boutique storefronts, or service-oriented businesses. Ideal tenant profiles include specialty retailers, fitness studios, or professional service providers seeking visibility in an expanding suburban market. The layout and strategic position within Apex make it a functional choice for operators looking to capture both local foot traffic and commuter interest from surrounding residential developments.

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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

Location & Travel Times