9515 Chapel Hill Rd
Morrisville, NC 27560
Pep Boys (Raleigh MSA) · Retail Property For Sale

RTP Capital Advisors is proud to present Pep Boys (Raleigh MSA) in Morrisville, NC, a net-leased property located in the Raleigh-Cary MSA, a high-income, explosive growth market. Pep Boys is a leading automobile repair and retail chain throughout the nation with 975 locations in 35 states and territories. The subject property is located near the border of Morrisville and Cary and is supported by excellent demographics. Within a one mile radius, the estimated average household income is $130,923 and projected to grow by almost $10,000 in the next five years. This radius also includes a part of Morrisville’s highly desirable Preston community, anchored by its country club and golf course. Within close proximity to the Pep Boys are multiple new residential developments, including Wilson Place across the street, made up of 116 single-family homes built in 2018. Two additional townhome communities are located just east, built in 2017, while to the west are three apartment complexes all built since 2014. Pep Boys (Raleigh MSA) is seconds away from the high profile mixed-use development known as Park West Village. Made up of over 750,000 SF, the development is known for its major retail anchors, upscale casual restaurants, and residential and office space. This Morrisville location is also centrally located within the Raleigh-Cary MSA. The subject property is located on Chapel Hill Road which leads to Interstates 40 and 540, providing convenient access throughout the Triangle region including Research Triangle Park, downtown Raleigh, Durham, Chapel Hill, the RDU Airport, and more. Pep Boys (Raleigh MSA) is a well-located net leased asset within the Raleigh-Cary MSA, one of the fastest-growing MSA’s in the country. We are pleased to present this investment opportunity for $1,486,000 representing a 7.00% cap rate.