100 Preston Executive Dr - Medical FOR SALE


Cary, NC 27513- Preston
$1,750,000 USD
984-230-8363
100 Preston Executive Dr, Cary, NC for Sale
$1,750,000 USD
Medical - FOR SALE
1/19
null | Request Cap Rate

100 Preston Executive Dr
Cary, NC 27513
Preston


HIGHLIGHTS

  • 100 Preston Executive Drive is a 4,607-square-foot medical office building offered as an owner/user or investment sale.
  • In-place income with 1,400 square feet leased to a medical tenant on a lease to 8/31/2026, bringing in $2,932.74 per month.
  • 3,207 square feet of vacant space that was formerly used by a dental practice, equipped with FF&E, substantial plumbing, and lab-ready space.
  • Situated on a 1.18-acre corner lot with ample parking and monument signage seen by approximately 27,000 vehicles per day.
  • Ideal area for medical users as the households within a 5-mile radius are projected to spend $173 million annually on health care by 2029.
  • Surrounded by co-traffic drivers and lifestyle amenities, such as Mellow Mushroom, Bruegger's Bagels, retail services, a preschool/daycare, and more.

OVERVIEW

Explore this top-tier owner/user or investor opportunity to secure a piece of medical office real estate among some of Greater Raleigh’s most affluent communities and patient pools. 100 Preston Executive Drive is a Colonial-style building spanning 4,607 square feet on a highly visible 1.18-acre corner lot. The grounds feature ample parking and ADA-accessible entrances, plus a brick monument along the road. 100 Preston Executive Drive is currently divided into two spaces, a vacant 3,207-square-foot space and an occupied 1,400-square-foot space. The medical tenant in the leased space provides immediate income with a monthly rate of $2,932.74 on a lease expiring 8/31/2026. The vacant space features a dental build-out, allowing a new dentist or group to easily take over the turnkey space. FF&E is negotiable, and the space has sufficient infrastructure for lab use and similar functions. Situated along NW Cary Parkway, a major suburban artery, this site enjoys significant exposure to the local communities. The medical office is already in one of Cary’s most prestigious neighborhoods, Preston, which is positioned around the Prestonwood Country Club, and homes often exceed $1 million. In fact, there are roughly 17,500 households that report an astounding average annual income of $149,098 within a 2-mile radius. Such communities provide immediate access to a prime source of potential patients, and they are organically drawn here to visit the surrounding amenities, maximizing the property’s high visibility. Demographic projections indicate that residential growth will continue to support medical users, with estimates calling for the population within a 5-mile radius to increase 9% by 2029.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

O&I

APN/PARCEL ID

0754.13-13-7029-000

ASK ABOUT THIS PROPERTY

Russell MeinertDaughtry, Woodard, Lawrence & StarlingMore Info
984-230-8363

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Russell MeinertDaughtry, Woodard, Lawrence & StarlingMore Info
984-230-8363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.