1805 Walnut St, Cary, NC 27518
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Cary, NCCary. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.