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Grove 98 Highway 98 & Capital Blvd 1,800 - 6,593 SF of Retail Space Available in Wake Forest, NC 27587
SPACE AVAILABILITY (3)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,511 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 1,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 2,282 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request Upon Request Upon Request | TBD |
Highway 98 & Capital Blvd - 1st Floor
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Highway 98 & Capital Blvd - 1st Floor
Highway 98 & Capital Blvd - 1st Floor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT GROVE 98
- Cava
- Nothing Bundt Cakes
- One Medical
- Sleep Number
PROPERTY FACTS
| Total Space Available | 6,593 SF | Gross Leasable Area | 284,000 SF |
| Center Type | Outlet Center | Total Land Area | 111.12 AC |
| Parking | 465 Spaces | Year Built | 2024 |
| Center Properties | 2 |
| Total Space Available | 6,593 SF |
| Center Type | Outlet Center |
| Parking | 465 Spaces |
| Center Properties | 2 |
| Gross Leasable Area | 284,000 SF |
| Total Land Area | 111.12 AC |
| Year Built | 2024 |
ABOUT THE PROPERTY
Wegmans anchored mixed-use development fronting Highway 98 bypass just off Capital Boulevard/US 1 Excellent access and visibility Ligon Mill Road has been extended to Highway 98 bypass and through the project with a future connection north to Stadium Drive in Wake Forest
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| State Hwy 98 | Capital Blvd, W | 22,063 | 2022 | 0.06 mi |
| Dr. Calvin Jones Highway | State Hwy 98, E | 32,740 | 2022 | 0.33 mi |
| NC 98 | State Hwy 98 | 25,863 | 2022 | 0.40 mi |
| US 1 | Cloverleaf Pk | 41,989 | 2022 | 0.66 mi |
| Capital Blvd | Cloverleaf Pk, S | 42,259 | 2022 | 0.74 mi |
| Capital Boulevard | Durham Rd, NW | 48,482 | 2022 | 0.82 mi |
| S Main St | Cimarron Pkwy, SW | 17,585 | 2022 | 0.89 mi |
| Forest Pines Dr | Corona Blvd, N | 4,950 | 2022 | 0.91 mi |
| S Main St | Hwy 98, N | 17,537 | 2022 | 0.92 mi |
| S Main St | State Hwy 98, N | 17,605 | 2020 | 0.92 mi |
NEARBY MAJOR RETAILERS
