Wake Forest Flex Space
For Lease
$17.19 SF/Yr
741 Merritt Capital Drive, Wake Forest, NC 27587
7,241 SF flex space with offices and warehouse areas.
Property Size7,241 SF
Days on Market147
Property Features for 741 Merritt Capital Drive
General Information
Standard status
Active
Size
7,241 SF
Property subtype
Industrial
Listing Agency:
Lee & Associates - Raleigh Durham
(919) 524-5407
Listed By:
Grier Godwin
(919) 524-5407
Source:
Lee-associates
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 30 at 4:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Raleigh Durham
Investment Insights
Based on property information with market context.
This 7,241 square foot flex space, identified as Suite 104, is located just off Ligon Mill Road in the Merritt Capital Business Park. The primary lease expires on February 29, 2032. The property is zoned for light industrial use. The suite includes two dock-high doors, six private offices, a conference room, two restrooms, and a break area. An open work area and storage rooms are located in both the office and warehouse areas. The location provides close proximity to I-540, US 1, Hwy. 98, and US 401, offering convenient access to Downtown Wake Forest, Raleigh, Durham, and the RDU International Airport. Numerous dining, recreational, retail, and hospitality options are located nearby.
Key Highlights
- Long‑term lease in place until 2/29/32.
- Convenient location near I‑540, US 1, Hwy. 98 and US 401, providing easy access to major areas.
- Functional flex space with 2 dock high doors, 6 private offices, conference room, and open work area.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.58 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27587, NC
76,647
Population
30,571
Households
2.5
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
729
Density / Sq Mi
$125,607
Median Household Income
$59,006
Median Earnings
$1,415
Median Rent
$452,400
Median Home Value
Market
Properties on Market for Flex space in Wake County
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Firehouse Subs — 11704 Retail Dr, Wake Forest, NC 27587
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Frequently Asked Questions
What type of property is this?
Flex space - 7,241 SF flex space with offices and warehouse areas.
Where is this flex space located?
The property is located at 741 Merritt Capital Drive Wake Forest, NC.
What is the lease rate?
The lease rate is $17.19 SF/Yr.
What are key features of this property?
This property features: Long‑term lease in place until 2/29/32.; Convenient location near I‑540, US 1, Hwy. 98 and US 401, providing easy access to major areas.; Functional flex space with **2 dock high doors**, **6 private offices**, conference room, and open work area.
