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Heartland_Dental - Wendell NC | Absolute NNN Lease | FOR SALE

$3,381,200

2230 Treelight Way, Wendell, NC 27591

Active
Last Updated: 05/18/2023

5

Cap Rate

169,060

NOI

Details:
Cap Rate:    5%
NOI:    $169,060
Building Size:    4,280 sqft
Lot Area:    1.09 acres
Lease Type:    Absolute Net
Year Built:    2022
Parking Spots:    25
Traffic:    12,000 VPD Wendell Falls Pkwy
Description:

• Explosive Demographic Growth
- 1-Mile Population Growth of 41.31% from 2010-2022
- Projected 1-mile Population Growth of 13.38% Through 2027
- Affluent Surrounding Area | $91,514 Average HHI in a 1-Mile Radius

• Nearby Interstate Accessibility
- The Property is Located .2 Miles from I-264 (70k VPD) which Connects to The Outer Loop Around Raleigh (I-87)

• Influx of New Construction Residential Developments in the Surrounding Area
- Over 4,000 New Construction Homes in the Wendall Falls Area (.1 Miles from the Subject Property)
- Brea at Wendell Falls - 288 Unit Class A Apartment Building Located Directly Behind the Subject Property
- Newly Developed Publix Located .1 Miles from the Subject Property (Part of Tree light Square)
- Over 45 Contiguous Acres Available in Tree light Square for an Estimated 260,000 SF Grocery-Anchored Neighborhood Retail Hub

• 0.2 Miles from The Collective, A Masterplan Development
- Up to 120 Ac. Available in The Collective Office & Regional Commercial Park
- Approved for up to a 1MM SF Office Development - 641,700 SF Planned
- 110,000 SF of Class A Retail Space Planned for Development with a Movie Theater and Mixed Used Apartments TBD

• Near Major Market Drivers
- Approximately 12 Minutes from WakeMed Raleigh Campus | 720 beds | One of the Largest Hospitals in NC
- Approximately 7 Minutes from East Wake High School | 1,382 Students
- Near Eastern Wake 4.0 | Wake Tech’s newest 106-acre site along the I-87/ US 64 corridor in Wendell (opening spring 2025)
- Proximity to the proposed “Complete 540 Project” | The Southeast Extension would extend the Triangle Expressway from N.C. 55 Bypass in Apex to US 64/Us 264 (I87) in Knightdale, completing the Outer Loop

• Raleigh MSA
- Less than 20 Minutes to Downtown Raleigh
- One of the fastest growing metros in the United States with 188 new people moving to Raleigh every day
- Raleigh is one of the fastest growing cities in the United States with a growth rate of about 3.4% per year

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