1880 Broad St, Fuquay Varina, NC 27526-8369
Lane Professional Park offers exceptional office and retail opportunities in the rapidly growing Fuquay-Varina area. This brand-new, six-building development, completed in 2024, features single-story buildings totaling 67,350 square feet of space. Units range from 1,800 to a maximum contiguous 9,805 square feet, ideal for a variety of businesses. The property boasts a convenient location on NC 55 Hwy, providing easy access to both Holly Springs and Fuquay-Varina, with excellent visibility and multiple points of ingress/egress on NC 55 Hwy and Old Powell Road. The development benefits from a high traffic count of 30,000 vehicles per day and is surrounded by significant residential growth, with over 3,500 new homes and apartments approved or under construction nearby. The property offers ample parking with a 4.0 per 1,000 square foot ratio. Available spaces are suitable for traditional office, medical office, and retail uses. Lease terms are flexible, ranging from 5 to 10 years, with tenant allowances for build-out. Office lease rates are $27.50 per square foot per year, NNN, and retail lease rates are $29.50 per square foot per year, NNN. The sale price is available upon request. The estimated total operating expense is $4.25 per square foot per year. Signage opportunities are also available. Currently, 41,361 square feet of space is vacant.
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Sheetz Gas Station
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 · Fuquay Varina, NCFuquay Varina. Always verify with local authorities before improvements.
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.