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    FOR LEASE
    Turn key restaurants

    1805 Walnut St, Cary, NC 27518

    9,195 SF 2.36 ac lot Built 1992
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-3864779
    Property summary
    AI-generated overview

    This exceptional 9,195 square foot free-standing retail building is ideally situated in Cary, North Carolina, at 1805 Walnut Street, zip code 27518. The property boasts a highly visible corner location at the intersection of Walnut Street and the US 1/Highway 64 exit/on-ramp, ensuring significant traffic exposure and easy accessibility for customers. Previously occupied by a Red Lobster restaurant, this single-tenant building presents a unique opportunity for a variety of retail businesses seeking a prominent location in a thriving area. The building's substantial size offers ample space for a wide range of retail concepts, providing flexibility for potential tenants. Its strategic location just outside of Raleigh provides access to a large and diverse customer base. The property's prominent corner location and convenient access from a major highway make it an attractive option for businesses seeking high visibility and easy accessibility. This is a rare opportunity to acquire a well-positioned retail property in a high-demand market. The building's previous use as a restaurant suggests potential for a similar concept or a business requiring significant space and high visibility. Detailed site plans and building specifications are available upon request. This property is ready for immediate occupancy and presents a compelling investment opportunity.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1992
    Construction CONCRETE BLOCKS
    Total area 9,195 SF
    Lot 2.36 ac (102,802 SF)
    Zoning code GC
    APN 0773.19-62-1083 0187364
    UPID US53-3864779
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $495k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $808k
    Blend (final) Blend
    $650k
    Owner & transaction history
    ARCP RL/OG CARY NC LLC
    ARCP RL/OG CARY NC LLC
    Zoning & alternative use
    GC · Cary, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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