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NNN Investment Opportunity Near RDU 5180 Paramount Pky 8,991 SF Retail Building Morrisville, NC 27560 $4,451,557 CAD ($495.11 CAD/SF) 7.01% Cap Rate
Matterport 3D Tour
Investment Highlights
- ±8,991-SF freestanding event venue built in 2015 on a ±7.41-acre site within the Paramount Center development,
- Direct access to I-40 and NC-540; minutes to RDU International Airport
- **All showings must be coordinated with the broker. Do not disturb tenant.**
- Zoned OI (Office & Institutional) allowing broad professional and institutional uses
- Located in Morrisville, within the dynamic Research Triangle growth corridor
- Surrounded by major corporate and life science employers
Executive Summary
Great Neck Realty Co. is pleased to present 5180 Paramount Parkway, a versatile investment opportunity in Morrisville, North Carolina. The property features a ±8,991-square-foot freestanding building constructed in 2015 and situated on ±7.41 acres within the Paramount Center development.
Currently leased to Paramount Event Venue, the facility offers adaptable interior space suitable for gatherings, meetings, or institutional use. On-site surface parking—including ADA-compliant spaces—and high-quality site improvements further enhance functionality and accessibility.
Strategically located in Wake County, the property benefits from direct access to I-40 and NC-540 and is just minutes from Raleigh-Durham International Airport (RDU). Zoned OI (Office & Institutional), the site supports a wide range of professional, medical, and institutional uses.
With an income-generating tenant in place and potential near-term flexibility for owner-users or future redevelopment, 5180 Paramount Parkway offers investors a compelling opportunity to acquire a well-located asset in one of North Carolina’s most dynamic growth corridors.
Currently leased to Paramount Event Venue, the facility offers adaptable interior space suitable for gatherings, meetings, or institutional use. On-site surface parking—including ADA-compliant spaces—and high-quality site improvements further enhance functionality and accessibility.
Strategically located in Wake County, the property benefits from direct access to I-40 and NC-540 and is just minutes from Raleigh-Durham International Airport (RDU). Zoned OI (Office & Institutional), the site supports a wide range of professional, medical, and institutional uses.
With an income-generating tenant in place and potential near-term flexibility for owner-users or future redevelopment, 5180 Paramount Parkway offers investors a compelling opportunity to acquire a well-located asset in one of North Carolina’s most dynamic growth corridors.
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Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,991 SF
Building Class
B
Year Built
2015
Price
$4,451,557 CAD
Price Per SF
$495.11 CAD
Cap Rate
7.01%
NOI
$312,047 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
7.41 AC
Zoning
OI - OI - Office & Institutional
Amenities
- Conferencing Facility
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
4,059
42,975
140,085
2030 Population
4,482
46,672
151,187
2025-2030 Projected Population Growth
10.4%
8.6%
7.9%
Median Age
35.9
36.5
38.1
College Degree + Higher
64%
66%
68%
Daytime Employees
10,863
37,634
90,105
Total Businesses
539
2,643
8,382
Average Household Income
$142,944
$146,752
$156,906
Median Household Income
$118,190
$123,455
$128,194
Total Consumer Spending
$56.1M
$618.5M
$2.2B
2025 Households
1,548
16,609
57,425
Average Home Value
$627,825
$590,304
$659,008
$ values in USD
Nearby Major Retailers
Property Taxes
| Parcel Number | 0746.02-87-9929-000 | Improvements Assessment | $2,430,868 CAD (2025) |
| Land Assessment | $1,436,641 CAD (2025) | Total Assessment | $3,867,509 CAD (2025) |
Property Taxes
Parcel Number
0746.02-87-9929-000
Land Assessment
$1,436,641 CAD (2025)
Improvements Assessment
$2,430,868 CAD (2025)
Total Assessment
$3,867,509 CAD (2025)
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NNN Investment Opportunity Near RDU | 5180 Paramount Pky
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