Starbucks Strip Center
Multi-Tenant Offerings
Starbucks Strip Center
1260-1285 W. Williams Street
Apex (Raleigh MSA), NC
- Price:
- $10,207,000
- Cap Rate:
- 6.00%
- NOI:
- $612,415
- Rentable SQFT:
- 17,416 SF
- Year Built:
- 2020
- Lot Size:
- 3.31 +/- Acres
- Status:
- Under Contract
Investment Highlights
- 100% Occupied by National and Regional Tenants
- 10-Year Leases with Rental Increases Throughout the Base Term
- New High-Quality Construction with a Starbucks Drive-Thru
- Serving Over 141,000 Residents in One of the Fastest Growing Suburbs in the U.S., 15 Miles West of Downtown Raleigh
- Surrounded by Several Large Residential Developments with Over 3,000 Residences Currently Under Construction
- Affluent Trade Area, Average Household Income Exceeds $142,000 in 1, 3, and 5 Miles
- Hard Corner Location at Signalized Intersection, Highly Visible to 48,600 Cars/Day Along Major Thoroughfare
- Easy Access to All Major Arteries within the Raleigh/Durham MSA, Including US Route 64, I-540, and NC Route 55
- Primary Retail Corridor with Super Target, Home Depot, Lowe’s, TJ Maxx, HomeGoods, Kohl’s, Regal Cinemas, Dick’s, Lifetime Fitness and Dozens More
- Close Proximity to North Carolina State University with 35,479 Students and 9,101 Employees
- Minutes to Duke University (15,892 Students) and University of North Carolina at Chapel Hill (29,469 Students)
- Strong Daytime Population, Over 41,600 Employees within 5 Miles
- South of the 7,000-Acre Research Triangle Park, the Largest in the U.S. and Home to 50,000 Employees and 10,000 Contractors
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