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Jim Perricone 919.585.5321 [email protected] OFFERING SUMMARY Sale Price: $2,500,000 Lot Size: 1.02 Acres Year Built: 1988 Building Size: 4,800 Renovated: 2015 Zoning: GCCU Market: Raleigh Durham Submarket: Cary Traffic Count: 28,000 Price / SF: $520.83 This second generation free standing restaurant is located on Kildaire Farm Rd just north of Cary Parkway. It is surrounded by retail and office in the heart of residential development. PROPERTY OVERVIEW PROPERTY HIGHLIGHTS Renovated, including HVAC & Landscaping in Late 2015 New Roof - May 2018 Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment Screened Porch and An Outdoor Seating Area Parking - 59 High visibility on busy corridor with strong demographics EXECUTIVE SUMMARY RESTAURANT PROPERTY FOR SALE 1144 KILDAIRE FARM ROAD , CARY, NC 27511

RESTAURANT PROPERTY FOR SALE · 2019-05-09 · • Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment • Screened Porch and An Outdoor Seating Area • Parking

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Page 1: RESTAURANT PROPERTY FOR SALE · 2019-05-09 · • Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment • Screened Porch and An Outdoor Seating Area • Parking

Jim [email protected]

OFFERING SUMMARY

Sale Price: $2,500,000

Lot Size: 1.02 Acres

Year Built: 1988

Building Size: 4,800

Renovated: 2015

Zoning: GCCU

Market: Raleigh Durham

Submarket: Cary

Traffic Count: 28,000

Price / SF: $520.83

This second generation free standing restaurant is located on Kildaire Farm Rd just north of Cary Parkway. It is surroundedby retail and office in the heart of residential development.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Renovated, including HVAC & Landscaping in Late 2015

• New Roof - May 2018

• Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment

• Screened Porch and An Outdoor Seating Area

• Parking - 59

• High visibility on busy corridor with strong demographics

EXECUTIVE SUMMARY

RESTAURANT PROPERTY FOR SALE1144 KILDAIRE FARM ROAD , CARY, NC 27511

Page 2: RESTAURANT PROPERTY FOR SALE · 2019-05-09 · • Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment • Screened Porch and An Outdoor Seating Area • Parking

Jim [email protected] ADDITIONAL PHOTOS

RESTAURANT PROPERTY FOR SALE1144 KILDAIRE FARM ROAD , CARY, NC 27511

Page 3: RESTAURANT PROPERTY FOR SALE · 2019-05-09 · • Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment • Screened Porch and An Outdoor Seating Area • Parking

Jim [email protected]

TRAFFIC COUNT

Traffic Count 28,000

Traffic Count Frontage 233

1144 RETAILER MAP

RESTAURANT PROPERTY FOR SALE1144 KILDAIRE FARM ROAD , CARY, NC 27511

Page 4: RESTAURANT PROPERTY FOR SALE · 2019-05-09 · • Includes Hoods (2), Walk-In Coolers and Miscellaneous Fixed Equipment • Screened Porch and An Outdoor Seating Area • Parking

Jim [email protected]

POPULATION 1 MILE 3 MILES 5 MILES

Total population 10,307 76,563 160,650

Median age 40.5 37.6 36.3

Median age (Male) 38.3 36.0 35.6

Median age (Female) 42.0 38.9 36.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,551 30,632 62,418

# of persons per HH 2.3 2.5 2.6

Average HH income $73,645 $90,629 $98,827

Average house value $222,665 $289,822 $320,392

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP

RESTAURANT PROPERTY FOR SALE1144 KILDAIRE FARM ROAD , CARY, NC 27511