Three-Unit Retail
New
For Sale
$950,000
594 E Chatham St, Cary, NC 27511
Brick, single-story retail property with central HVAC and three separately held condominium units.
Property Size4,125 SF
Price / SF$230.30
Days on Market2
Property Features for 594 E Chatham St
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Commercial
Zoning
GC
Occupancy
100%
Net Operating Income
$66,894
Financials
Cap Rate
7.04%
Gross Income
$81,888
Building Details
Year Built
2000
Buildings
1
Stories
1
Construction
brick
Tenancy
Multi
Listing Agency:
(919) 332-5447
Listed By:
Hope Tyler Home Team
(919) 332-5447
Source:
Hopetylerhometeam
Added: Sep 1
Last Checked: Sep 1 at 9:52PM
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 Hope Tyler Home Team
Investment Insights
Based on property information with market context.
This retail property consists of three condominium units totaling 4,125 SF in a brick, single-story building constructed in 2000. The improvements include central HVAC, and the property is 100% leased under gross lease structures. NC Strength Gym is leased through 1/2031 with 3% annual bumps, while Tully's Tattoo has 4% bumps and a personal guaranty. The property carries a 7.04% cap rate and is zoned GC (General Commercial).
Located in the Downtown Cary trade area at 594 E Chatham St, the property is 10 mi from Raleigh and 12 mi from RTP and RDU. Wake County REID 0285323 identifies the parcel. The three-unit configuration provides a defined retail ownership structure with established occupants already in place.
Located in the Downtown Cary trade area at 594 E Chatham St, the property is 10 mi from Raleigh and 12 mi from RTP and RDU. Wake County REID 0285323 identifies the parcel. The three-unit configuration provides a defined retail ownership structure with established occupants already in place.
Key Highlights
- 4,125 SF retail building configured as 3 condominium units
- 100% leased with gross lease structures
- NC Strength Gym lease runs through 1/2031 with 3% bumps
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 36%
Groceries 25%
Bojangles' Famous Chicken 'n Biscuits
Dining
19,402 visits/mo
0.4 miles
Patel Brothers
Groceries
15,327 visits/mo
0.2 miles
Exxon
Shops & Services
10,534 visits/mo
0.4 miles
Dollar General
Shops & Services
8,767 visits/mo
0.3 miles
BP
Shops & Services
3,963 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Brick, single-story retail property with central HVAC and three separately held condominium units.
Where is this retail space located?
The property is located at 594 E Chatham St Cary, NC.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,125 SF retail building configured as 3 condominium units; 100% leased with gross lease structures; NC Strength Gym lease runs through 1/2031 with 3% bumps
