Wake Forest, NC Shoppes at Wake Forest

11480 Capital Blvd
Lease Type Fee Simple Ownership
Cap Rate 5.75%
Property Type Retail Strip Center
Building Size 12,060 SF
NOI $312,675
Land Area 1.95 Acres
Status Active
Property Highlights

Atlantic Investments is pleased to present the opportunity to acquire Shoppes at Wake Forest, a 100% leased retail Strip Center in Wake Forest, NC. Shoppes at Wake Forest is a Multi-Tenant retail center fully occupied by a lineup of five Internet Resistant, Service-Oriented Tenants. The tenancy includes Image Studios 360, DentalWorks, Pizza Hut, Kellsey Nail Salon, and Dee Spot Mart. Shoppes at Wake Forest benefits from it’s location on Capital Blvd, which is one of the most trafficked roads in the Raleigh area, at over 49k VPD, and serves as a main corridor from Downtown Raleigh to Wake Forest. Shoppes on Wake Forest serves one of the most desirable suburbs in the Triangle. The site has a population of over 114,000 people in a 5-mile radius and also has an impressive average income of over $126k per household.


  • Service Oriented Tenants – Shoppes at Wake Forest is completely comprised of internet resistant tenants
  • NNN Leases – All operating expenses for the center are reimbursed by the tenants
  • Signalized Intersection – Positioned on the corner of Capital Blvd and Caveness Farms Ave, offering ease of access to travelers from both directions
  • Strong Growth Numbers – Wake Forest has been a popular destination for residents moving to the Research Triangle. Within a 5-mile radius of the property there has been over a 31% growth in the population in the last 10 years
  • Densely Populated Area -Over 114,000 people in 3-mile Radius
  • Affluent of Raleigh Suburb – Average Household income over $126K in 5-mile Radius
  • Established Submarket – Capital Blvd is one of Raleigh’s main corridors and services commuters from Wake Forest and NE Raleigh to Downtown Raleigh
  • High Traffic Location – 49,000 VPD on Capital Blvd and 27,500 VPD on S Main St