100 Preston Executive Dr 4,607 SF 30% Leased Office Building Cary, NC 27513 $1,750,000 ($379.86/SF)

Explore this top-tier owner/user or investor opportunity to secure a piece of medical office real estate among some of Greater Raleigh’s most affluent communities and patient pools.

100 Preston Executive Drive is a Colonial-style building spanning 4,607 square feet on a highly visible 1.18-acre corner lot. The grounds feature ample parking and ADA-accessible entrances, plus a brick monument along the road. 100 Preston Executive Drive is currently divided into two spaces, a vacant 3,207-square-foot space and an occupied 1,400-square-foot space. The medical tenant in the leased space provides immediate income with a monthly rate of $2,932.74 on a lease expiring 8/31/2026. The vacant space features a dental build-out, allowing a new dentist or group to easily take over the turnkey space. FF&E is negotiable, and the space has sufficient infrastructure for lab use and similar functions.

Situated along NW Cary Parkway, a major suburban artery, this site enjoys significant exposure to the local communities. The medical office is already in one of Cary’s most prestigious neighborhoods, Preston, which is positioned around the Prestonwood Country Club, and homes often exceed $1 million. In fact, there are roughly 17,500 households that report an astounding average annual income of $149,098 within a 2-mile radius. Such communities provide immediate access to a prime source of potential patients, and they are organically drawn here to visit the surrounding amenities, maximizing the property’s high visibility. Demographic projections indicate that residential growth will continue to support medical users with estimates calling for the population within a 5-mile radius to increase 9% by 2029.