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Treelight Square 4 Retail Properties in Wendell, NC
INVESTMENT HIGHLIGHTS
- Located within Wendell Falls, a master-planned community with 4,000 homes and 2M SF of commercial space
- 100% leased with a sticky tenant mix across food, health, and medical categories
- Trade area population of 107,717+ with average household income of $110,411
- Adjacent Publix ranks in the 88th percentile for foot traffic statewide
- Competitive rent advantage over newer phases with strong submarket growth
- Positioned 15 miles from downtown Raleigh with direct access to I-87 and Research Triangle Park
EXECUTIVE SUMMARY
Treelight Square presents a rare opportunity to acquire a fully leased, newly constructed retail asset within the high-growth Wendell Falls master-planned community, just 15 miles from downtown Raleigh. Delivered in 2022–2023, the 33,208 SF center is strategically positioned adjacent to a top-performing Publix, which ranks in the 88th percentile for foot traffic statewide, driving consistent cross-shopping and visibility.
The property benefits from five access points via Treelight Way and two via Big Falls Drive, enhancing connectivity and convenience. Its tenancy is anchored by a durable mix of food & beverage, health & beauty, fitness, and medical users, with 78% of GLA in categories known for high buildout investment and long-term retention. Notable tenants include Don Beto’s Tacos & Tequila, The Smiling Turtle Pediatric Dentistry, Parkside Restaurant, and Pivot Physical Therapy.
Treelight Square is part of a broader 4,000-home residential development with 288 multifamily units and 2M SF of commercial space planned or delivered. The surrounding trade area boasts over 107,000 residents with an average household income of $110,411, and Wendell itself has seen over 70% population growth since 2020.
With a weighted average lease term of 6.62 years and no current vacancy, investors gain immediate income stability and a competitive rent advantage over newer phases in the development. The offering includes Phases 1 and 2, while Phases 3 and 4 are under construction and not part of the sale, allowing for future scalability.
The property benefits from five access points via Treelight Way and two via Big Falls Drive, enhancing connectivity and convenience. Its tenancy is anchored by a durable mix of food & beverage, health & beauty, fitness, and medical users, with 78% of GLA in categories known for high buildout investment and long-term retention. Notable tenants include Don Beto’s Tacos & Tequila, The Smiling Turtle Pediatric Dentistry, Parkside Restaurant, and Pivot Physical Therapy.
Treelight Square is part of a broader 4,000-home residential development with 288 multifamily units and 2M SF of commercial space planned or delivered. The surrounding trade area boasts over 107,000 residents with an average household income of $110,411, and Wendell itself has seen over 70% population growth since 2020.
With a weighted average lease term of 6.62 years and no current vacancy, investors gain immediate income stability and a competitive rent advantage over newer phases in the development. The offering includes Phases 1 and 2, while Phases 3 and 4 are under construction and not part of the sale, allowing for future scalability.
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PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 33,208 SF |
| Number of Properties | 4 | Total Land Area | 2.33 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 33,208 SF |
| Total Land Area | 2.33 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building B4-B6
2210 Big Falls Dr, Wendell, NC 27591 |
Retail | 15,755 SF | 2023 | - |
|
Building B1
5920 Treelight Way, Wendell, NC 27591 |
Retail | 7,411 SF | 2022 | - |
|
Building B3
2251 Treelight Way, Wendell, NC 27591 |
Retail | 5,323 SF | 2022 | - |
|
Building B2
2255 Treelight Way, Wendell, NC 27591 |
Retail | 4,719 SF | 2022 | - |
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