7109 O'kelly Chapel Rd
Cary, NC 27519
Bank of America: Cary, NC · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 17.5-year Bank of America Ground Lease in Cary, North Carolina (Population: 163,493). Cary is the second most populous incorporated town in the United States and is a component of the Raleigh-Durham, NC MSA (Population: 1,319,180). Comprised of 3,725 square feet located on 0.89 acres, the Bank of America lease features 10% rent increases every 5 years throughout the initial term and in each of the three 7-year renewal options. Built in 2015, Bank of America is ideally located with excellent access and visibility along O’Kelly Chapel Road (Traffic Count: 14,000 VPD), just west of NC-55 (Traffic Count: 19,000 VPD) and less than half a mile from NC-540 (Traffic Count: 39,000 VPD) which forms the Raleigh Outer Loop. The property is strategically positioned within the 347,103-square-foot Parkside Town Commons lifestyle center, which is anchored by Target, Harris Teeter, Frank Theatre, Golf Galaxy, Hobby Lobby, Stein Mart, Petco and Guitar Center. The site is directly adjacent to Chick-fil-A and directly across from Chuy’s, Starbucks, Verizon Wireless, Jersey Mike’s, Tijuana Flats, Taziki’s, Supercuts, Menchi’s Frozen Yogurt, Massage Envy and UPS. Bank of America benefits from its location within one of Cary’s primary retail corridors with 1.8 MSF of retail, 5.0 MSF of office, 2.9 MSF of industrial and 4,440 multifamily units within a 3-mile radius. Other major retailers within the immediate vicinity include Panera Bread, T-Mobile, Five Guys, GNC, Dickeys Barbeque Pit, Noodles and Company, Coldstone Creamery, Orangetheory, Sports Clips and Hickory Tavern, among a multitude of others. Bank of America further benefits from upscale demographics with a population of 51,130 and an average household income of $121,978 within a 3-mile radius. Bank of America also benefits from a substantial built-in customer base due to its location adjacent to North Carolina’s Research Triangle Park. Research Triangle Park is one of the nation’s preeminent high-tech research and development centers and boasts over 50,000 employees across 200+ companies.