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9550 Brier Creek Pky
Raleigh, NC 27617 Brier Creek

$2,467,000

Freestanding For Sale  •  4,000 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 4,000 Sq Ft
  • Lot Size 0.63 ac
  • Building Class B
  • Year Built 2019
  • Cap Rate 5.35 %
  • Zoning 3CPK
12 Transit Score
41 Walk Score

Description

INVESTMENT HIGHLIGHTS:
Secure Lease with National Tenant
Brand new, state-of-the art construction with Sherwin-Williams latest prototype
New, 10-year, corporately guaranteed lease backed by Investment Grade Credit
Sherwin-Williams is a Fortune 500 company (ranked #190 in 2018) with over 4,900 stores, a market cap of ±$40.4 Billion, and a stock price of over $450/share
Dense In-Fill Location and Highly Affluent Demographics

Less than ¾ of a mile from the Brier Creek Commons – a 2,000 acre, 800,000 SF open-air lifestyle center with over 70 major national tenants – HTTPS://WWW.SHOPBRIERCREEKCOMMONS.COM/
Less than 3 miles from Research Triangle Park (“RTP”; HTTPS://WWW.RTP.ORG/) – the largest research park in the country spanning across 7,000 acres with over 22.5MM SF of built space and over 50,000 employees; encompassing 250+ businesses including 4 of the 5 largest global Ag Biotech firms and other national companies such as IBM, Dell, GSK, Cisco, Net App, Lenovo, and more; anchored by 3 top research universities – Duke, Stanford, and University of NC
Tremendous Growth – over 31% population growth within the 1, 3, and 5-mile radii since 2010 with an additional 9.5%+ projected growth by 2024 within all radii
Very Affluent Trade Area – the average household income exceeds $121,000 within the 1, 3, and 5-mile radii
About ½ mile from I-540, which boasts ±92,750 VPD
Down the road from the Alexander Place shopping center – a 400,000 SF center with over 30 retail tenants, anchored by a Walmart Supercenter and Kohl’s
Over 2,000 new apartment units and over 3,000 new homes recently developed or in development in immediate trade area
Directly across from The Exchange at Brier Creek – a 4-story, ±280,000 SF apartment complex containing 274 units with an additional ±25,500 SF in development as a 5-story building extension to the complex
About 1.25 miles from the new Corners at Brier Creek development (Phase 1 already complete): a 130-acre, mixed-use development anchored by a 64,000 SF Harris Teeter – HTTPS://CORNERSATBRIERCREEK.COM/
Roughly 1.5 miles from Raleigh-Durham International Airport, which had ±12.8MM passengers in 2018
Directly off of Brier Creek Pkwy and has excellent visibility to 21,000 VPD

Highlights

Brand new, state-of-the art construction with Sherwin-Williams latest prototype
Less than ¾ of a mile from the Brier Creek Commons – a 2,000 acre, 800,000 SF open-air lifestyle center with over 70 major national tenants
Less than 3 miles from Research Triangle Park (“RTP”; https://www.rtp.org/) – the largest research park in the country
2,000+ new apartment units and over 3,000 new homes recently developed or in development in immediate trade area
Tremendous Growth – over 31% population growth within the 1, 3, and 5-mile radii since 2010
New, 10-year, corporately guaranteed lease backed by Investment Grade Credit

Financial Summary

Cap Rate: 5.35 %

Public Transportation

AirportDriveWalkDistance
Raleigh-Durham International Airport 10 min - 4.7 mi
Calvin Short 949-432-4506 Matthews Real Estate Investment Services
Calvin Short 949-432-4506 Matthews Real Estate Investment Services