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Waverly Place Retail Center Outparcel
For Sale
$4,644,445
Pending

309 Colonades Way, Cary, NC 27518

3,211 SF building in Waverly Place retail center.

Property Size3,211 SF
Days on Market103

Property Features for 309 Colonades Way

General Information

Standard status Pending
Size 3,211 SF
Property subtype Retail
Listing Agency:
Listed By: Joe Graham
Source: Cbre
Added: May 20 Changed: Aug 8 Last Checked: Aug 7 at 5:13AM

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 Joe Graham

Investment Insights

Based on property information with market context.

This 3,211 SF building is located in the Waverly Place retail center. The retail center is anchored by Whole Foods and is located across from WakeMed’s Cary Campus. The property is surrounded by strong demographics. The property is a Chase Bank ground lease with 15+ years remaining.

Key Highlights

  • Located in the vibrant Waverly Place retail center anchored by Whole Foods.
  • Across from WakeMed’s Cary Campus.
  • Chase Bank Ground Lease with 15+ Years Remaining.

Property Analytics

Current Use

Chase ATM Atm Chase Bank Bank

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service Electrical Service

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

Location Intelligence

Trade Area within ½ mile

2,139
Businesses Nearby
327k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 35% Dining 26% Groceries 23% Shops & Services 14%
Walmart Superstores
114,223 visits/mo 0.2 miles
Whole Foods Market Groceries
45,293 visits/mo 0.2 miles
Chick-fil-A Dining
43,468 visits/mo 0.3 miles
Harris Teeter Groceries
29,375 visits/mo 0.2 miles
Shake Shack Dining
17,423 visits/mo 0.2 miles

Demographics for 27518, NC

21,807
Population
9,211
Households
2.4
Avg Household Size
43
Median Age
72%
College-Educated
97%
High-School Grad
9.9 sq mi
ZIP Area
2,203
Density / Sq Mi
$121,242
Median Household Income
$66,460
Median Earnings
$1,537
Median Rent
$594,900
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
Rey
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Frequently Asked Questions

What type of property is this?
Bank - 3,211 SF building in Waverly Place retail center.
Where is this bank located?
The property is located at 309 Colonades Way Cary, NC.
What is the asking price?
The asking price for this property is $4,644,445.
What are key features of this property?
This property features: Located in the vibrant Waverly Place retail center anchored by Whole Foods.; Across from WakeMed’s Cary Campus.; Chase Bank Ground Lease with 15+ Years Remaining.
More about this property
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