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Property profile & analytics
OFF-MARKET
Neighborhood centers

951 High House Rd Cary, NC 27513

7,703 SF
Property ID
Property summary
AI-generated overview

This exceptional 7,703 square foot retail strip center is ideally situated at 951 High House Road in Cary, North Carolina, within the desirable Preston Corners area. Boasting a prominent location near the intersection of High House Road and SW Cary Parkway, this property offers excellent visibility and accessibility. The center features a multiple-tenancy configuration with one currently available space totaling 2,665 square feet. The building benefits from a double storefront entry with ample glass, maximizing natural light and showcasing tenant spaces. The property includes 38 convenient parking spaces for customers and employees. The HVAC system has been upgraded, featuring two 4-ton units ensuring efficient climate control. This well-maintained property has a history of long-term tenancy, with an average exceeding 20 years, demonstrating its appeal and stability. The property sits on a 1.16-acre lot and is zoned for retail use in Wake County. The lease rate is $30.00 per square foot, NNN, plus $7.05 per square foot for TICAM. This presents a compelling investment opportunity in a thriving Cary market.

Property profile
Verified
Property type Neighborhood centers
Total area 7,703 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • My Dry Cleaner dba Preston Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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