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Classic Auction - Land

9.15 AC Raleigh MSA – 70K VPD | $150k HH Income | 12% Pop Growth

Beaver Creek Commons Dr, Apex, NC 27502

Under Contract
This asset was part of the March 25th 2021 sale event and is currently under contract.

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  • Asset Type
  • Real Estate
  • Property Type
  • Land
  • Land Area
  • 9.15 Acres

9.15 AC Raleigh MSA – 70K VPD | $150k HH Income | 12% Pop Growth

Investment Highlights

  • 9.15 acre commercial parcel with prime highway frontage at the intersection of US-64 and I-540 (70k vehicles per day)
  • Adjacent to Beaver Creek Crossings (HomeGoods, TJMaxx, Dick’s) and Beaver Creek Commons (Target, Lowe’s)
  • Zoned PC (Planned Commercial) allowing for flexible commercial uses intended to serve the surrounding residential communities
  • Attractive demographics within a 5-mile radius – projected population growth of 12%, $150,000 average household income, and over 125,000 residents
 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±9.15 AC land parcel located on Beaver Creek Commons Drive (the “Property”) in Apex, NC within the Raleigh MSA. This Property offers premier highway frontage with visibility from both I-540 and HWY-64 and presents developers significant upside via strategic development in a robust and growing market.

The Property offers irreplaceable highway frontage/visibility and is positioned at 1-540’s exit 59A and US Highway 64.  The Property offers potential investors the ability to acquire raw land with significant value add through development and long term lease up. Zoned PC, Planned Commercial District, this commercial development site offers favorable flexible zoning that allows for a variety of uses. Properties in this zoning district are intended primarily to serve the needs of the surrounding residential neighborhood and serve as regional commercial centers. These C1-zoned areas tend to encourage the development of a moderate and high intensity mix of convenience and city-wide serving convenience and regional retail and related uses within a planned environment at the intersections of the Town’s arterials and major collector roads.

The Property is located in Wake County, NC and is influenced by the demographic and economic trends in the Raleigh Metropolitan Area.  The city of Apex is known as an affluent community located just 20 minutes west of Raleigh’s downtown.  Interstate-540 is part of a partially completed beltway around the city of Raleigh forming the Raleigh Outer Loop allowing easy access from the Property to the greater area.  The Property is also accessible via NC Hwy 55 which is located 1-mile east of the site and offers an easy commute to Research Triangle Park, RDU Airport and Chapel Hill, Cary, Durham and Raleigh.

The Property is positioned near several dominant power centers in the Apex trade area and located adjacent to Beaver Creek Crossings anchored by TJMaxx, Burkes, Dicks, and HomeGoods; and near Beaver Creek Commons, a ±417k SF Target and Lowe’s Home Improvement co-anchored shopping center with other national/credit tenants including Chick-fil-A, Truist Bank, IHOP, Chili’s, Wells Fargo, Panda Express, and more.

The Property is walkable to a myriad of shopping and dining options and the plethora of national nearby tenants has the potential to significantly promote crossover exposure to the subject property.  This development site is also located near numerous other area POI's and is positioned within a bustling retail corridor with other nearby tenants including The Home Depot, Harris Teeter, LifeTime Athletic, PetSmart, and more, further increasing consumer draw to the immediate trade area. The strong surrounding national/credit tenant presence, combined with the convenient access to commuter thoroughfares, puts this property in the position to succeed for years and quite possibly decades to come. The Property also benefits from dense and compelling demographics and the 5-mile trade area is supported by nearly 125k residents boasting an impressive AHHI approaching $150,000 (median HH income of $121k).
 

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Under Contract
This asset was part of the March 25th 2021 sale event and is currently under contract.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 7100