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Investment Highlights

  • Commercial portion of an approved and in progress ~430 unit residential development in booming Southern Wake County
  • Suits a shopping center of about 140,000 sf Grocery as anchor ideal (per town)
  • Mostly cleared. Mature landscaping and features around exisitng home add value for a botique hotel or restaurant
  • Demographic shifts favor a higher end development with potential for a botique hotel

Executive Summary

Prime investment opportunity for grocery anchored retail in booming Southern Wake County.

Data Room Click Here to Access

Property Facts

Price $8,800,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Bank
  • Daycare Center
  • Drugstore
  • Hold For Development
  • Hold For Investment
  • Medical
  • Neighborhood Center
  • Restaurant
  • Storefront, Retail or Office
  • Supermarket
Total Lot Size 12.85 AC
Zoning CMU & RMU - Provides for a variety of uses retail

1 Lot Available

Lot

Price $8,800,000
Price Per AC $684,824.90
Lot Size 12.85 AC

Approved for ~140,000 grocery anchored retail. Signalized intersection. ~430 residences being built adjacent. Mostly cleared. Flat, no blue line streams. Booming area. See OM for more information.

Description

Prime opportunity for an ENTITLED retail center on 12.85 acres adjacent to ~430 residences. This parcel is the commercial portion of the approved Atwater Station in Fuquay-Varina. Development on the east side is well under way with homes selling at a solid pace. Site work on the west side is underway. Fuquay Varina (Few-Quay) is among the most consistently growing communities in the Triangle region, with a 2026 population of 52,197 — a 51% increase since the 2020 Census count of 34,556, growing at nearly 6% annually. Growth here has been resident-driven: median household income is $115,497, 74% of residents are homeowners, and a median age of 37 reflects a stable, family-oriented community with durable spending patterns. Nearly 9,000 new residential units are projected across the planning area over the next decade, providing a long runway of rooftop density to support commercial demand. The Town’s own Commercial Market Study identifies over $494 million in 10-year trade area spending potential and more than 1.5 million square feet of unmet commercial demand. This already entitled property is a prime investment opportunity. The town is looking for a grocery-anchored retail. Prior to the intersection improvements 2024 AADT counts at the James Slaughter/ Bass Lake(Hilltop Needmore) intersection were 9,800. The nearby intersection of Sunset Lake/ Hilltop Needmore AADT is 14,500. DOT approval is needed for a right in right out egress as noted in the concept plan. Please call agent for more information.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
  • Listing ID: 36170209

  • Date on Market: 6/9/2025

  • Last Updated:

  • Address: 3125 James Slaughter Road, Fuquay-Varina, NC 27526

Contact the Sale Advisor

3125 James Slaughter Road - Atwater Station

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