Property summary
This exceptional single-tenant retail or office space, located at 900 S Franklin Street, Suite 202 in Wake Forest, Wake County, presents a fantastic leasing opportunity. Previously occupied by a long-standing yoga studio, this space is ideally suited for a variety of businesses. Its convenient location off Highway 98 Bypass offers easy access and high visibility. The property benefits from its proximity to a vibrant mix of restaurants, coffee shops, and specialty stores, all within walking distance. The surrounding area boasts numerous large residential developments, including Heritage and Holding Village, ensuring a strong customer base. The building's diverse tenant mix includes a pharmacy, dentist, physical therapy clinic, and karate studio, creating a thriving and complementary business environment. The lease rate is $22.00 per square foot, triple net (NNN), with a tenant improvement allowance (TICAM) of $4.50 per square foot. This presents a unique chance to establish or expand your business in a highly desirable and well-established Wake Forest location. The space is ready for immediate occupancy and offers a turnkey solution for a variety of businesses. Don't miss this opportunity to secure a prime location in a rapidly growing community.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Training Center Sports School
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Department Store
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Pharmacy
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Pharmacy
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Residential Mixed-Use District is established to accommodate a variety of housing types in a neighborhood setting. The regulations of this district are intended to provide areas of the community for those persons des…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RMX · Wake Forest, NCThe Residential Mixed-Use District is established to accommodate a variety of housing types in a neighborhood setting. The regulations of this district are intended to provide areas of the community for those persons des…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Residential Mixed-Use District is established to accommodate a variety of housing types in a neighborhood setting. The regulations of this district are intended to provide areas of the community for those persons des…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RMX in Wake Forest, NC.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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