COMMERCIAL & RESIDENTIAL DEVELOPMENT OPPORTUNITY CAPITAL BOULEVARD & JENKINS ROAD Wake Forest, NC 27587

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1 COMMERCIAL & DEVELOPMENT OPPORTUNITY CAPITAL BOULEVARD & JENKINS ROAD +/- 22 ACRES COMMERCIAL +/- 21 ACRES Part of the CBRE affiliate network

2 PROPERTY FEATURES + + Four parcels of land available for sale + + Currently zoned General Residential-3 (GR-3) + + Portions of the parcels are located in the US 1 Special Highway Overlay District, Falls Lake Watershed Management Area District and Richland Creek Watershed Management Area District + + Permitted uses under the GR-3 district include low-to-medium density single-family dwellings and related recreational, religious and educational facilities. Minimum lot size of 10,000 square feet and a maximum density of three units per acre for residential developments + + Informal discussions with the Town of Wake Forest have indicated a possibility of having the residential portion rezoned to higher density development to include townhomes + + Municipal water and sewer service available + + Under the NCDOT s US 1 Corridor Study Report, an overpass is planned to be contructed from Jenkins Road to Stadium Drive over Capital Boulevard. In addition to a two lane service road constructed alongside Capital Boulevard, at the southern portion of the parcels, a two lane access road will be constructed through the center of the parcels, creating a natural commercial/residential divide + + Owner will consider subdividing PIN# Acreage Current Zoning Sale Price DEVELOPMENT OPPORTUNITY COMMERCIAL DEVELOPMENT OPPORTUNITY (Partially) (Partially) +/- 22 Acres General Residential-3 (GR-3) $5.00 PSF +/- 21 Acres General Residential-3 (GR-3) $9.50 PSF

3 PRELIMINARY SITE SKETCH +/- 17 ACRES (NOT AVAILABLE) +/- 22 ACRES COMMERCIAL +/- 21 ACRES DEMOGRAPHICS 1 Mile 3 Miles 5 Miles 2017 POPULATION 3,217 35,206 74,477 EST. POPULATION GROWTH RATE ( ) 1.57% 2.59% 2.87% 2017 AVERAGE HOUSEHOLD INCOME $100,264 $95,043 $100, MEDIAN HOUSEHOLD INCOME $70,295 $70,039 $77,980 TRAFFIC COUNTS CAPITAL WAKE UNION CHURCH RD 40,000 VPD CAPITAL CLUB VILLAS DR 36,000 VPD

4 PROPERTY SURVEY

5 EXISTING ROAD IMPROVEMENTS JENKINS ROAD & CAPITAL BOULEVARD PLANNED ROAD IMPROVEMENTS JENKINS ROAD & CAPITAL BOULEVARD

6 JENKINS ROAD & CAPITAL BOULEVARD CONTACT US BARRY J. BOWLING, CCIM Senior Vice President CHESTER F. ALLEN, CCIM Executive Vice President CB Richard Ellis - Raleigh LLC. The information contained in this document has been obtained from sources believed reliable. While CB Richard Ellis - Raleigh LLC does not doubt its accuracy, CB Richard Ellis - Raleigh LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. Part of the CBRE affiliate network