TABLE: 4.B.3
footage of 2.1 million (Figure 4.B.8/Table 4.B.3). However, as discussed earlier, there are unmet shopping demands for many retail categories other than general merchandise store/department stores within all radii
areas, especially to the east of the study area and in the rural communities within the 5-mile radius. Therefore, the prospective development should differentiate its retail components and tenants from the nearby shopping centers and offer shopping in categories that currently see the most retail leakages.
Major Shopping CentersWithin 5Miles from the Intersection of E. Roosevelt Ave. and S. White St.
Wake Forest, NC
# Shopping Center Name
Shopping Center Type
Anchor Stores
Distance from Intersection
Year Built
GLA in SF
Asking Rent/SF (Dec. 2020)
Effective Rent/SF (Dec. 2020)
Vacancy Rate (Dec. 2020)
FIGURE: 4.B.8
1
Gateway Commons
Neighborhood Center
Lowe’s Foods, Town & Country Hardware, Dollar Tree, Wake County ABC 4 Kohl's, Lowe’s Foods, Ross Dress For Less, TJMaxx Lowe’s Foods, Planet Fitness , CVS, Dollar Tree, BB&T Bank
1.12 Miles
2009 105,485
$18.76
$15.59
4.5%
2
Wake Forest Crossing Forestville Crossing The Market at Wake Forest
Community Center
1.38 Miles
2002 313,151
$19.96
$16.59
2.8%
2
Neighborhood Center Neighborhood Center
1.38 Miles
2007 150,000
$20.11
$16.72
8.5%
4
Food Lion, Pizza Hut, Subway 1.81 Miles
1989 116,341
$16.18
$13.45
4.6%
5
Capital Plaza Community Center
Super Target, The Home Depot, PetSmart
1.82 Miles
2004 372,831
$21.35
$17.75
0.4%
6
Harris Crossing
Neighborhood Center Neighborhood Center
Harris Teeter, Suntrust Bank
1.89 Miles
2011 65,150
$17.88
$14.86
0.0%
7
The Shoppes at Heritage Village The Shoppes at Caveness Farms
Publix, Mattress Warehouse
1.93 Miles
2016 71,500
$12.45
$10.35
0.0%
8
Neighborhood Center
Sam's Club
2.3 Miles
2011 296,442
N/A
N/A
N/A
4
4
9
Heritage Station
Neighborhood Center
Harris Teeter, McDonald’s, Ups Store, Wells Fargo Bank
2.34 Miles
2004 68,489
$19.36
$16.09
0.0%
10
Wake Pointe Plaza
Community Center Community Center
Walmart Supercenter
2.38 Miles
2004 243,550
$17.10
$14.21
0.4%
11
Wakefield Commons Wakefield Crossings
Kroger
3.09 Miles
2004 190,000
$19.20
$15.96
0.0%
12
Neighborhood Center Neighborhood Center
Food Lion
3.81 Miles
2001 75,927
$11.87
$9.87
1.8%
13
Redford Place Shopping Center
Food Lion, Hardee's
4.93 Miles
1992 67,843
N/A
N/A
N/A
Credit: REIS, ESRI and RKG Associates, Inc. 2021
1-,3-, and 5-Mile Radius around Study Area showing Shopping Centers Credit: ESRI, Google and RKG Associates, Inc., 2021
Chapter 4: Appendix
Northeast Community Plan
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