ROLESVILLE ROAD & US 64 HIGHWAY EAST

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1 ROLESVILLE ROAD WENDELL, NORTH CAROLINA ROLESVILLE ROAD & US 64 HIGHWAY EAST KIOTI DRIVE ±55.51-ACRES OF COMMERCIAL LAND FOR SALE BUS 64

2 ROLESVILLE ROAD & US 64 HIGHWAY EAST EXECUTIVE SUMMARY ROLESVILLE ROAD & US 64 HIGHWAY EAST EXECUTIVE SUMMARY Foundry Commercial is pleased to present for sale the highly desirable gross acres of commercial land located off exit 430 at the U.S. Highway 64 Bypass and Rolesville Road interchange, approximately 17.5 miles east of downtown Raleigh, 4 miles northwest of downtown Wendell and 4 miles northeast of downtown Wendell. The site is located across the street from East Wake High School and in close proximity to future retail and mixed use development. The property has a (HD) Highway District zoning designation within Wake County which is a lowdensity residential district comparable to the R-30 District. The (HD) Highway District zoning designation allows for up to 1.45 dwelling units per acre yet also allows for a wide range of nonresidential and commercial uses. Nonresidential and commercial uses include: churches, schools, colleges, libraries, day care centers, government buildings, recreational facilities, offices, and medical laboratories. Additionally permitted uses include hotels, retail stores, automobile sales, shopping centers, warehousing, as well as light industrial development. Public utilities are available to the property though the site will need to be annexed into the Town of Wendell to benefit from these services. The site is, however, encumbered by a blue line stream as well as topographical constraints along the northern portion of the property which will impact the developable area. Based on this information our team feels that roughly 40 acres are developable net of stream buffers, setbacks and topography encumbrances. FOUNDRY COMMERCIAL 2 2

3 R O L E S V I L L E R OA D & U S 64 H I G H WAY E AST P R O P E RT Y I N F O R M AT I O N

4 ROLESVILLE ROAD & US 64 HIGHWAY EAST PROPERTY INFORMATION ROLESVILLE ROAD EAST WAKE HIGH SCHOOL PARCEL PROPERTY DETAILS ADDRESS Rolesville Road & US 64 Highway E PARCEL NUMBERS , KIOTI DRIVE MUNICIPALITY Wake County LAND SIZE (GROSS) LAND SIZE (NET) ± acres ± 40 acres 264 ZONING Highway District, R-30 FUTURE RETAIL DEVELOPMENT SEWER & UTILITIES Municipal water and sewer LIST PRICE $4,995,900 or $90,000 per gross acre LEITH AUTOPARK 64 BUS 64 FOUNDRY COMMERCIAL 4

5 ROLESVILLE ROAD & US 64 HIGHWAY EAST PROPERTY INFORMATION ZONING MAP TOPOGRAPHIC MAP FOUNDRY COMMERCIAL 5

6 ROLESVILLE ROAD & US 64 HIGHWAY EAST PROPERTY INFORMATION WETLANDS MAP FOUNDRY COMMERCIAL 6

7 R O L E S V I L L E R OA D & U S 64 H I G H WAY E AST LO C AT I O N OV E R V I E W

8 R O L E S V I L L E R OA D & U S 64 H I G H WAY E AST LOCATION OVERVIEW A R E A A M E N I T I E S A N D T R A F F I C CO U N T S RO KN D A RO SITE EAST WAKE HIGH SCHOOL 4 0 8,0 P 0V D OLD RO AD LD IG HT AD RO SMITH FIE LE SHOPPES AT MIDWAY PLANTATION KNIGHTDALE HIGH SCHOOL 264 VIL LES FUTURE RETAIL DEVELOPMENT NORTH 17,000 VPD 2 3,0 0 0 V PD BUS 5 5,0 0 0 VPD 64 KNIGHTDALE CROSSINGS SHOPPING CENTER Smithfield s W E N CHICKEN N BAR-B-Q DE LL FAL LS PA R KW AY WENDELL FALLS FOUNDRY COM M ERCI AL 8

9 ROLESVILLE ROAD & US 64 HIGHWAY EAST LOCATION OVERVIEW 1 MILE 3 MILE 5 MILE DEMOGRAPHICS 1 MILE 3 MILE 5 MILE 2017 ESTIMATED POPULATION ,742 40, PROJECTED POPULATION ,357 46, ESTIMATED HOUSEHOLDS 142 4,329 15, PROJECTED HOUSEHOLDS 161 4,906 17,302 AVERAGE HH INCOME $63,133 $68,643 $73,569 MEDIAN HH INCOME $59,825 $61,182 $61, TOTAL BUSINESSES , TOTAL EMPLOYEES 803 3,640 11,252 FOUNDRY COMMERCIAL 9

10 KARL HUDSON IV, CCIM Senior Vice President (919) foundrycommercial.com MATT GILLIAM Vice President (919)