5111 Wake Forest Rd | Durham, NC 27703
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- LoopNet Team
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
Building Size
13,602 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.79 AC
Zoning
NC
Parking
65 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 166363 | Improvements Assessment | $5,052,478 |
| Land Assessment | $1,123,219 | Total Assessment | $6,175,698 |
PROPERTY TAXES
Parcel Number
166363
Land Assessment
$1,123,219
Improvements Assessment
$5,052,478
Total Assessment
$6,175,698
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