Property profile

951 High House Rd Cary, NC 27513

OFF-MARKET
Neighborhood centers
7,703 SF
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

951 High House Rd Cary, NC 27513
Cary metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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