Listing Agency: CBRE | Raleigh t***@cbre.com Show Phone

Listed By: Tiffany Barrier Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 12 Last Checked: Aug 20 at 8:21AM

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Investment Insights

Based on property information with market context.

Preston Corners is a retail center located at the intersection of High House Road and NW Cary Parkway in Cary. The property features a 14,850 square foot junior anchor space available. The center is anchored by a future grocery store and has a diverse tenant mix including local and national restaurants and service providers. The average household income in the area is over $225,000.

Key Highlights

• Premier retail center in the heart of Cary
• Anchored by a future grocery store
• 14,850 SF Junior Anchor space available

Property Analytics

Property Profile

Current Use

Preston Corners Shopping ... Shopping Center & Mall Dunkin' Bakery

Suggested Use

Top Pick Law Firm Building Supply Grocery & Convenience Store Food Market HVAC Service (Bike/Boat/Book/etc) Store

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

699

Businesses Nearby

86k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Groceries 21% Shops & Services 20% Beauty & Spa 1%

McDonald's Dining

19,671 visits/mo 0.2 miles

Lowes Foods Groceries

18,505 visits/mo 0.1 miles

Mellow Mushroom Dining

10,201 visits/mo 0.2 miles

Bruegger's Dining

8,605 visits/mo 0.2 miles

Wells Fargo Shops & Services

7,261 visits/mo 0.1 miles

Demographics for 27513, NC

46,526

Population

21,204

Households

2.2

Avg Household Size

39

Median Age

68%

College-Educated

97%

High-School Grad

16.4 sq mi

ZIP Area

2,837

Density / Sq Mi

$119,458

Median Household Income

$66,584

Median Earnings

$1,491

Median Rent

$468,300

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?

Shopping center - Premier retail center with diverse tenant mix in Cary.

Where is this shopping center located?

The property is located at 994 High House Road Cary, NC.

What are key features of this property?

This property features: Premier retail center in the heart of Cary; Anchored by a future grocery store; 14,850 SF Junior Anchor space available