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Area Size N/A
NOI Net Operating Income N/A
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Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2000
Land Area ()

Property description

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for Walnut Village. A ±3.47 acre in-fill development opportunity located one block from future Epic Games Headquarters which will be home to 2,000+ employees. The site gently slopes from front to rear with multiple utility access points on site. While existing zoning permits multifamily and condos, achieving desired density levels will likely require a rezoning or the removal of density restrictions currently in place under CT zoning. There is an additional 1.5 acres adjacent to the site that can be purchased through a separate owner, offering potential development optionality for up to 5 acres. Located under 10 minutes from three top-rated local schools (Elementary, middle, and High), Harris Teeter, Starbucks, and walking distance from an 11-acre local gem Walnut Street Park. Walnut Village is a prime infill development opportunity located in a high barrier-to-entry submarket boasting an average family income of $127,679 (3-mi radius Regis,2022), and great connectivity throughout the region.

Investment highlights

  • +20% Median Home Sale Price Year over Year in 27511 (REDFIN, 2022)
  • 3rd Hottest Real Estate Market (Zillow 2022)
  • 5 Minutes to Fenton
  • 15 Minutes to Research Triangle Park (55k+ employees)
  • 15 Minutes to Downtown Raleigh (50k+ employees)
Last Updated Date: 07 Apr 2022

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PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 07 Apr 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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