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The Shoppes at Wakefield Park 14520 John Rex Blvd 1,212 SF of Office/Retail Space Available in Wake Forest, NC 27587
HIGHLIGHTS
- Exceptional demographics, average household income within 5 miles is $122,613
- Well located near Wakefield Plantation, a 2,200 acre residential development with the Triangle area’s only TPC-rated golf course and over 2,500 homes
- Ideally situated at the intersection of Capital Boulevard (47,000 ADT) and New Falls of Neuse Road (26,000 ADT)
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A106 | 1,212 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
11211 Galleria Ave - 1st Floor - Ste A106
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT THE SHOPPES AT WAKEFIELD PARK
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Harris Teeter
- Supermarket
- 366
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Harris Teeter | Supermarket | 366 | National |
PROPERTY FACTS
| Total Space Available | 1,212 SF | Center Properties | 3 |
| Center Type | Neighborhood Center | Gross Leasable Area | 82,478 SF |
| Parking | 369 Spaces | Total Land Area | 2.37 AC |
| Stores | 3 | Year Built | 2008 |
| Total Space Available | 1,212 SF |
| Center Type | Neighborhood Center |
| Parking | 369 Spaces |
| Stores | 3 |
| Center Properties | 3 |
| Gross Leasable Area | 82,478 SF |
| Total Land Area | 2.37 AC |
| Year Built | 2008 |
ABOUT THE PROPERTY
Anchored by a 48,800 square foot Harris Teeter, The Shoppes at Wakefield Park is well positioned at the intersection of Capital Boulevard and New Falls of Neuse Road, eight miles northeast of downtown Raleigh. The area has exceptional demographics and has experienced a strong residential population growth. Shoppes at Wakefield Park is well located near Wakefield Plantation, a 2,200 acre residential development with the Triangle area’s only TPC-rated golf course and over 2,500 homes. The residential units, which include single-family homes, townhomes, villas and custom-designed estates, start at $300,000 and reach upwards of $2 million.
NEARBY MAJOR RETAILERS
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The Shoppes at Wakefield Park | 14520 John Rex Blvd
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