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- LoopNet Team
1805 Walnut St
Cary, NC 27518
Red Lobster · Property For Lease
HIGHLIGHTS
- Prime Location: 9,100 SF restaurant space in Cary, NC, currently operating as Red Lobster
- Retail Hub Proximity: Outparcel to the 750,000 SF Crossroads Plaza, with anchor tenants like Best Buy, Dick's Sporting Goods, Ulta, and more
- Accessible Site: Full movement access from a stoplight at Walnut Street and Meeting Street, plus right-in-right-out access and shared entry from Caitb
- High-Traffic Area: Positioned on Walnut Street near the US 1/Hwy 64 interchange, with 30,500 ADT on Walnut Street and 116,000 ADT on US 1/Hwy 64
- Strong Co-Tenancy: Nearby outparcels include Olive Garden, Chick-fil-A, and AutoZone
- Ideal Demographics: Surrounded by high-income residential areas, offering a strong customer base
PROPERTY FACTS
| Property Type | Retail | Year Built | 1992 |
| Property Subtype | Restaurant | Parking Ratio | 13.59/1,000 SF |
| Gross Leasable Area | 9,195 SF | Cross Streets | US-1 Hwy |
| Total Land Area | 2.36 AC |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,195 SF |
| Total Land Area | 2.36 AC |
| Year Built | 1992 |
| Parking Ratio | 13.59/1,000 SF |
| Cross Streets | US-1 Hwy |
ABOUT THE PROPERTY
This prime 9,100 SF restaurant property, currently operating as a Red Lobster, is available for lease in Cary, NC. Positioned on a 2.36-acre lot, the building sits prominently on the north side of Walnut Street, at the intersection with the exit/on-ramp for US 1/Hwy 64, offering convenient accessibility. Located just outside Raleigh, the property benefits from a high-income demographic in the surrounding area, adding to its appeal for potential tenants. An outparcel to Crossroads Plaza, one of Wake County’s most successful and high-traffic retail centers, this location neighbors high-profile tenants such as Best Buy, Dick's Sporting Goods, Michaels, and Ulta. Additional outparcel co-tenants include Olive Garden, Chick-fil-A, and AutoZone, creating a vibrant commercial environment.
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
