202 S Salem St
Apex, NC 27502
Truist · Retail Property For Sale

The subject investment property is situated on South Salem Street, which boasts average daily traffic counts exceeding 15,051 vehicles respectively. South Salem Street intersects with East Williams Street, which brings an additional 18,000 vehicles into the immediate area on average daily. There are more than 64,507 individuals residing within a three-mile radius of the subject property and more than 157,375 individuals within a five-mile radius. The subject property benefits from being well-positioned in a dense retail corridor consisting of many national and local tenants, shopping centers, and first and secondary schools. National tenants include: Pizza Hut, Family Dollar, Compare Foods, First Bank, and First National Bank among others. The location is in the center of downtown Apex and surrounded by many family owned restaurants and businesses. Some of these tenants include: Common Grounds Coffee, The Provincial, Salem Street Pub, Buttercream's Bakeshop, Apex Wings, Yamato Japanese Cuisine, Anna's Pizzeria, The Rusty Bucket, and Peak City Bar and Grill. This SunTrust Bank is also within a Five-mile radius of first and secondary schools including: Baucom Elementary, Apex Middle School, and Apex High School, which have a combined enrollment exceeding 4,135 students. Apex, a city in Wake County, North Carolina is situated just under ten miles from Raleigh, North Carolina, the second largest city in the state. Apex has a charming downtown, top-notch schools, and a community spirit that draws more than 15,000 people, or more annually to the Peak Fest street fair. In recent years Apex has become known for it’s newly developed tech triangle. There are many high-paying tech-industry jobs. More than 200 companies, including IBM, Cisco, and pharma giant GlaxoSmithKline, have offices in Apex and employ upwards of 50,000 workers. Due to the close proximity to the tech triangle, Apex schools are continuously influenced by the business around it and have become some of the top schools in not only North Carolina, but the entire United States. Downtown Apex is filled with many cute and chic boutique stores, bakery’s, and restaurants. The city’s spiking popularity is also influenced by it’s close proximity to Raleigh, North Carolina. Raleigh, is a stately and energetic capital city that offers an affordable way to enjoy history and culture. The city also has over 150 parks, lakes, and green ways, and there is ample opportunity for the enjoyment of golf, biking, swimming, boating, and other outdoor activities.