Retail

Wegmans - Twin Lakes Center

3600 Davis Drive Cary, NC United States 27560
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 2019
Occupancy 100.0 %

Property Description

JLL, as an exclusive advisor, is pleased to offer for sale a newly constructed, 25 year absolute net ground lease, single tenant Wegmans (the “Property” or “Wegmans”), located in Cary, NC, the second-fastest growing city in the state. The Property serves as an anchor to Twin Lakes Center, which has an additional 20,394 SF of retail, and is adjacent to two premier residential developments, which will add hundreds of new housing units to the area. This is the second location the New York-based grocer will open in North Carolina, looking to capitalize on the numerous existing “Wegmaniacs” in the Raleigh MSA. The Wegmans at Twin Lakes Center is scheduled to open on August 2nd, 2020.

Investment Highlights

GENERATIONAL OPPORTUNITY TO ACQUIRE ABSOLUTE NNN 25-YEAR WEGMANS GROUND LEASE ON 11.4 ACRES
Thomas Kolarczyk
Thomas Kolarczyk
Senior Director, Capital Markets
License details
NC-276931
Ryan Eklund
Ryan Eklund
Director, Capital Markets
License details
NC-286222 SC-115530

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