900 Franklin StWake Forest, NC 27587
- Office properties
- 15,382 SF
Property Details for 900 Franklin St
- Year built
- 2009
- Construction
- BRICK
- Lot size
- 1.09 AC
- Property size (Sq ft)
- 15,382 SF
- Zone code
- RMX
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 1840.10-46-6867 0363425
- APU
- 1840104668670363425
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,728,504
- 6.5%
- $3,441,696
- 7%
- $3,195,861
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,071,946
- Geo Method
- $3,530,784
-
Alternative Use
- Use
- Valuation
- Residential
- $4,267,704
- Hospitality
- $3,909,194
- Educational
- $3,252,403
- Medical
- $3,364,258
- Retail
- $5,059,294
Location Insight
- City
- Wake Forest
- County
- Wake
- State
- North Carolina
- Latitude
- 35.966
- Longitude
- -78.5111
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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