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11480 Capital Blvd
Wake Forest, NC 27587
Caveness Corner · Retail Property For Sale
Executive Summary
11480 Capital Boulevard presents an exceptional opportunity to acquire a well-positioned triple-net retail investment in the heart of Wake Forest’s primary commercial corridor. The approximately 12,060-square-foot, multi-tenant retail property occupies approximately 1.95 acres and offers prominent visibility along Capital Boulevard/US Highway 1, convenient access, ample surface parking, and strong exposure to area traffic. The property is strategically located near Sam’s Club, Wegmans, Walmart, Target, Harris Teeter, Aldi, and numerous other national retailers, restaurants, and service providers. Its established location within Wake Forest’s growing retail hub, combined with the limited landlord responsibilities associated with the NNN lease structure, makes this an attractive opportunity for investors seeking durable income and long-term value in one of the Triangle’s fastest-growing communities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,060 SF
Building Class
A
Year Built
2008
Price
$6,013,930
Price Per SF
$498.67
Cap Rate
5.75%
NOI
$345,801
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.95 AC
Zoning
HB
Property Taxes
| Parcel Number | 1830.04-53-9589-000 | Improvements Assessment | $2,784,737 |
| Land Assessment | $1,435,520 | Total Assessment | $4,220,257 |
Property Taxes
Parcel Number
1830.04-53-9589-000
Land Assessment
$1,435,520
Improvements Assessment
$2,784,737
Total Assessment
$4,220,257
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