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1040 Buck Jones Road Cary, Nc 27606

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1040 Buck Jones Road Cary, Nc 27606 1040 BUCK JONES ROAD CARY, NC 27606 ±12,132 SF ENTERTAINMENT BUILDING PROPERTY OVERVIEW Purchase Price $2,950,000 Location - 1040 Buck Jones Road, Cary, NC County - Wake County Building Size - 12,132 SF Area - 3.78 Acres Previous Use - Wedding & Event Center Zoning - GC (General Commercial) Year Built - 1999 Parking Spaces - 127 Spaces • Free Standing Single Tenant Property • Kitchen area with some equipment, open space with stage • Located at Buck Jones Road & I-40 across from South Hills Mall • Near the new Fenton Development project and the new Epic Games Headquarters AERIAL MAP AMENITIES MAP & TRAFFIC COUNTS FUTURE EPIC GAMES HQ SITE 12,501 VPD 135,751 VPD CARY SOUTH HILLS 17,902 VPD BUCK JONES ROAD RALEIGH CROSSROADS PLAZA 59,488 VPD CENTRUM @ CROSSROADS SITE MAP INTERIOR PHOTOS INTERIOR PHOTOS MARKET OVERVIEW DEMOGRAPHICS POPULATION 1-MILE 3-MILE 5-MILE MEDIAN HOUSEHOLD INCOME 1-MILE 3-MILE 5-MILE 2000 Population 7,693 59,447 143,590 2020 Median Household Income $55,899 $63,562 $72,958 2010 Population 9,649 69,283 164,538 2025 Median Household Income $59,646 $67,713 $76,806 2020 Population 10,915 79,532 188,852 AVERAGE HOUSEHOLD INCOME 2025 Population 11,953 85,661 205,325 2020 Average Household Income $73,779 $89,806 $103,270 2020-2025 Annual Rate 1.83% 1.50% 1.69% 2025 Average Household Income $79,016 $96,089 $110,401 2020 Median Age 31.9 32.2 31.9 PER CAPITA INCOME HOUSEHOLDS 2020 Per Capita Income $32,829 $38,937 $41,906 2000 Households 3,338 24,639 55,856 2025 Per Capita Income $35,176 $41,610 $44,898 2010 Households 4,330 29,902 65,951 RACE/ETHNIICTY 2020 Total Households 4,894 34,458 76,319 White Alone 61.6% 68.6% 72.6% 2025 Total Households 5,368 37,072 83,253 Black Alone 21.2% 14.9% 13.0% 2020-2025 Annual Rate 1.87% 1.47% 1.75% Hispanic Origin 14.1% 12.5% 8.9% 2020 Average Household Size 2.23 2.30 2.31 HOUSING 2020 Total Housing Units 5,530 37,311 82,298 2020 Owner Occupied Housing Units 24.1% 37.4% 43.2% 2020 Renter Occupied Housing Units 64.4% 55.0% 49.6% SITE 2020 Vacant Housing Units 11.5% 7.6% 7.3% FENTON DEVELOPMENT Fenton, a 69-acre development, is scheduled to open in Spring 2022 near I-40 and the Cary Towne Blvd exit. Fenton will have 345,000 square feet of shops, restaurants, and entertainment space, 200,000 square feet of office space, a 175-room boutique hotel, and a 357-unit luxury apartment community. In addition to Wegmans, Fenton will feature retailers like Arhaus, Bailey’s Fine Jewelry, Free People, and Sephora. For More Info Click Here EPIC GAMES CORPORATE CAMPUS Epic Games, Inc. (“Epic”), Turnbridge Equities (“Turnbridge”) and Denali Properties (“Denali”) are pleased to announce an agreement to transfer ownership of the 980,000-square-foot and 87-acre Cary Towne Center to Epic, with the goal of converting the property into its new campus by 2024. The facilities will include both office buildings and recreational spaces, allowing Epic the flexibility to create a campus customized from the ground up to accommodate its long-term growth. For More Info Click Here CARY, NC Consistently ranked as one of the Best Places to Live and Work in the country, Cary is a thriving community in the heart of the Triangle, just minutes from the Research Triangle Park. With over 150,000 residents, it is the second largest town in Wake County and the third largest municipality in the Triangle Area. Another study, of population growth between 2016-2017, shows Raleigh-Cary area as the 14th-fastest growing in the country. According to ESRI, 27518 is the wealthiest zip code in the Triangle. The Triangle Business Journal reported, “A comprehensive look at the top 25 wealthiest neighbourhoods reflects a region about to create thousands of millionaires in the coming years.” The study covers net worth, household income, disposable income, home value and several other factors. Downtown Cary is growing rapidly and in recent years has attracted many new businesses and young entrepreneurs with nearly $500 million invested in improved infrastructures and resources. Home to several global and national companies like SAS Institute, MetLife, RIM, John Deere, Kellogg’s, and Siemens, Cary’s workforce is unrivalled and attracts top employers that seek the area’s most educated citizens, including the 61.5% of adults with a bachelor’s degree or higher and 24.5% of adults with Master’s or Doctorate degrees. Education is an important facet of the Cary community. Cary is part of Wake County Public Schools, a nationally ranked system that is comprised of four high schools, five middle schools and 17 elementary schools which is the 18th largest in the United States. The student to teacher ratio in Cary for public schools is 16:1, which is 10.9% greater than the North Carolina student to teacher ratio and 2% greater than the National student to teacher ratio. Additionally, Cary is less than 25 miles away from Duke University, N.C. State University, and the University of North Carolina at Chapel Hill. These universities, along with federal labs and contract research companies conduct more than $2 billion annually in research and development. Cary is also conveniently located within minutes of some of the world’s best medical care including WakeMed Cary Hospital, UNC Hospitals, Rex Hospital and Duke University Medical Center. CARY ACCOLADES Cary has lowest total crime rate in the United States – Based upon data recently published in the FBI’s annual Uniform Crime Report (UCR) and reviewed by the Town of Cary’s Crime Analysis Unit, Cary, North Carolina has the lowest crime rate in America among municipalities with populations of 100,000-500,000 #3 #2 #2 #2 Best City to Tech job Market Fast Growing Best Midsized US Metro City Retire Top10 #5 Best Cities in NC #8 #13 Mid Sized College Most Liveable City Best Performing City In America city in America RALEIGH-DURHAM MARKET OVERVIEW Raleigh is at the heart of the Triangle, the fastest-growing metropolitan area in the Carolinas and Downtown Raleigh is the urban center for this region. It provides businesses with a rich recruitment pool, relatively low costs and superb amenities. The city’s unique character is evident in all of the different ways its residents and visitors Live. Work. Play. Within a 20 mile range of the Triangle there are over 855K workers, over 680K Residents and a 1,500,000 Daytime Population. The Triangle is home to three R1 research Universities: North Carolina State University (Raleigh), Duke University (Durham) and University of North Carolina (Chapel Hill). These universities, along with federal labs and contract research companies conduct more than $2 billion annually in research and development. In addition to doctoral universities with the highest research activity, the Triangle is home to Research Triangle Park, (RTP), one of the leading high technology centers in the world. RTP is home to more than 170 global companies, including IBM, Syngenta, RTI International, Credit Suisse, and Cisco, that foster a culture of scientific advancement and competitive excellence. RTP drives the local economy and employs about 40,000 people with an average salary of $73,000. In the last four years alone, startups in Raleigh have raised over $420 million in angel and venture capital investment. In addition, over the past six years, startup companies in Wake County have generated economic activity of over $1.1 billion from IPOs and over $12.3 billion in acquisitions. Raleigh has more than 140,000 square feet of collaborative workspace within innovation hubs like HQ Raleigh, ThinkHouse, Tech Incubator on Centennial Campus, Loading Dock, Industrious and The Nest, among others. Hottest#2 Spot #1 for tech jobs #1 Boomtown 2016 #3 Best#6 city to Best Big City to live Best places for start a career in the Southeast business & career Area#2 with the #3Healthiest #4Top tech highest # of housing market startup city tech jobs Best#2 city for young Metro#1 for Stem entrepreneurs Leadership TRIANGLE HIGHER EDUCATION 1887 1789 1838 1ST Founded Founded Founded # Public School # 1 in US TOP 1 5 Advanced Analytics Physicians MSA Program University for 17 Assistant Program # # Years Running 1 4 # 1 Nursing Program Nuclear Engineering (Bachelors) Program Pharmacy Program in United States #1 #3 Medical School 84% Veterinary Medicine Primary Care Program of graduates go on # to post-graduate # 1 degrees 1 # Best Value of all 2 Largest University in US Universities # NC by enrollment 2 Nursing Program Clinical Psychology (Masters) Program DISCLAIMER This Offering Memorandum contains selected information pertaining to the Property CONFIDENTIALITY AGREEMENT and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the "Owner") to be all-inclusive or to contain all or part This is a confidential Offering Memorandum intended solely for your limited use of the information which prospective investors may require to evaluate a purchase and benefit in determining whether you desire to express further interest in the of real property. All financial projections and information are provided for general acquisition of the Property. By receipt of this Offering Memorandum, you agree that reference purposes only and are based on assumptions relating to the general this Offering Memorandum and its contents are of a confidential nature, that you will economy, market conditions, competition and other factors beyond the control hold and treat it in strictest confidence and that you will not disclose this Offering of the Owner and APG Advisors.
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