15 Year Lease

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15 Year Lease

Wake Forest, NC 27587
Asking Price
$3.81M
Asset Type
Retail
Class
Class B

What's Special

Located in the growing municipality of Wake Forest, North Carolina, this retail property benefits from its position within a primary commercial corridor. The surrounding neighborhood features a blend of established residential subdivisions and modern suburban developments. Nearby amenities include high-traffic regional shopping centers, grocery anchors, and essential local services. The site offers efficient transportation access via Highway US-1 (Capital Boulevard) and NC-98, facilitating regional connectivity to the greater Research Triangle area. The property is suited for single-tenant net-lease investment, currently secured by a 15-year lease agreement. Ideal use cases include national credit retailers, quick-service restaurant franchises, or essential service providers seeking long-term stability in a high-growth market. The typical tenant profile consists of corporate-backed entities prioritizing visibility and consistent consumer traffic derived from the area’s dense residential demographic.

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NOI
$80,000
Cap Rate
2.10%
DSCR
0.35
Underwater
Cash-on-Cash
-12.79%
Monthly Payment
$18,849.801
Annual Cash Flow
$-146,197.614

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