Shopping Strip
Davis Drive Village
1001 Davis Dr, Apex, NC 27523
Listing Price: $5,600,000
Investment Overview
Davis Drive Village is a 100% occupied, multi-tenant neighborhood retail center strategically located at 1001 Davis Drive in Apex, North Carolina, one of Wake County’s most dynamic and fastest-growing submarkets. Constructed in 2006, the Property comprises 15,535 square feet of rentable building area situated on 2.41 acres at a signalized intersection near the Davis Drive and Old Jenks Road corridor, benefiting from strong daily traffic exposure and proximity to major residential growth.
Davis Drive Village
Investment Highlights
- Multi Tenant Retail Center | 15,535 Sq Ft | 2006 Construction
- 53% of GLA Has NO Renewal Options | 5-Year CAGR: 4+%
- 36% Food/Beverage, 45% Services, and 19% Niche Grocery
- Triple-Net (NNN) Leases | Annual Rent Increases
- Signalized Intersection with +/- 19,800 Vehicles Per Day
- Near Historic Downtown Apex and Hwy-64 Interchange
- Apex, NC: High Growth Suburb of Raleigh: $168,163 Avg HHI in 3-Mile Radius
Listing Price: $5,600,000
Investment Highlights
- Multi Tenant Retail Center | 15,535 Sq Ft | 2006 Construction
- 53% of GLA Has NO Renewal Options | 5-Year CAGR: 4+%
- 36% Food/Beverage, 45% Services, and 19% Niche Grocery
- Triple-Net (NNN) Leases | Annual Rent Increases
- Signalized Intersection with +/- 19,800 Vehicles Per Day
- Near Historic Downtown Apex and Hwy-64 Interchange
- Apex, NC: High Growth Suburb of Raleigh: $168,163 Avg HHI in 3-Mile Radius
Investment Overview
Davis Drive Village is a 100% occupied, multi-tenant neighborhood retail center strategically located at 1001 Davis Drive in Apex, North Carolina, one of Wake County’s most dynamic and fastest-growing submarkets. Constructed in 2006, the Property comprises 15,535 square feet of rentable building area situated on 2.41 acres at a signalized intersection near the Davis Drive and Old Jenks Road corridor, benefiting from strong daily traffic exposure and proximity to major residential growth.
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