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Retail Space with Pad Site
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2260 Walnut Street, Cary, NC 27511

Ground lease and build-to-suit options accompany an existing divisible commercial building.

Space Size6,651 SF
Days on Market3

Property Features for 2260 Walnut Street

General Information

Standard status Active
Size 6,651 SF
Net Rentable 6,651 SF
Property subtype Retail

Space & Availability

Available Space 6,651 SF
Contiguous Space 6,651 SF
Divisible Yes

Additional Details

Traffic Count 25,000 vehicles/day

Building Details

Building Size 6,651 SF
Listing Agency: CBRE | Raleigh
Listed By: Charlie Coyne
Source: Cbre
Added: Aug 10 Changed: Aug 11 Last Checked: Aug 11 at 10:29AM

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 CBRE | Raleigh

Investment Insights

Based on property information with market context.

This retail property includes an existing 6,651-square-foot building that can be subdivided for flexible occupancy. The site is also offered for ground lease or build-to-suit development, creating multiple paths for retail users and commercial operators.

Located along Walnut Street in Cary, the property records 25K VPD and sits near US 1, which carries 127K VPD. Its position provides access to the Cary Crossroads trade area, with connectivity to both US-1 and I-40.

Key Highlights

  • Existing 6,651 SF retail building with subdivision potential
  • Ground lease or build‑to‑suit development options
  • Walnut Street frontage with 25K VPD

Property Analytics

Current Use

Red Robin Gourmet ... Restaurant

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Electrical Service Parking Lot & Garage Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,101
Businesses Nearby
627k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 28% Apparel 18% Home Improvements & Furnishings 18% Shops & Services 16%
Target Superstores
131,671 visits/mo 0.3 miles
Marshalls Apparel
56,331 visits/mo 0.5 miles
BJ's Wholesale Club Superstores
44,335 visits/mo 0.3 miles
Michaels Shops & Services
44,019 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
43,202 visits/mo 0.2 miles

Demographics for 27511, NC

32,786
Population
14,359
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,802
Density / Sq Mi
$104,072
Median Household Income
$50,778
Median Earnings
$1,436
Median Rent
$416,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Ground lease and build-to-suit options accompany an existing divisible commercial building.
Where is this retail space located?
The property is located at 2260 Walnut Street Cary, NC.
What are key features of this property?
This property features: Existing 6,651 SF retail building with subdivision potential; Ground lease or build‑to‑suit development options; Walnut Street frontage with 25K VPD
More about this property
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