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Retail Center in Cary
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994 High House Road, Cary, NC 27513

Premier retail center with diverse tenant mix in Cary.

Property Size14,850 SF
Days on Market128

Property Features for 994 High House Road

General Information

Standard status Active
Size 14,850 SF
Property subtype Retail
Listing Agency: CBRE | Raleigh
Listed By: Tiffany Barrier
Source: Cbre
Added: Mar 25 Changed: Jul 10 Last Checked: Jul 30 at 3:29AM

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.

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

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

747
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 57% Groceries 21% Shops & Services 20% Beauty & Spa 1%
McDonald's Dining
19,671 visits/mo 0.1 miles
Lowes Foods Groceries
18,505 visits/mo 0.1 miles
Mellow Mushroom Dining
10,201 visits/mo 0.1 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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Similar Off Market Nearby

  • Coinstar Kiosk - Bitcoin ATM — 930 High House Road Lowes Foods, Cary, NC 27513
  • Preston Corners Shopping Center — 994 High House Rd, Cary, NC 27513

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
More about this property
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