680 Richland Grove Avenue · Wake Forest, NC 27587 · QSR / Restaurant
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
• 2026 new construction
• Absolute net ground lease | No landlord responsibilities
• Desirable lease term | New 15-year term
• Corporate Parent | Tenant is operated by Bloomin’ Brands, Inc. | A publicly traded restaurant operator with approximately 1,450 locations nationwide across its established casual dining portfolio
• Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development | Benefiting from strong traffic drivers, daily-needs visitation, and ongoing commercial growth
• Great visibility from Dr. Calvin Jones Hwy | 31,000 VPD
• Located inside of dense retail corridor | 3.8M SF within a 2-mile radius
• Explosive population growth within 1-mile | 75.12% from ’10-‘25
• Attractive population density within a 5-mile radius | 119,425 residents
• Stable population growth over the next 5 years | 9.00% growth within a 1-mile radius
• Affluent surrounding area | $137,312 average household income within a 1-mile radius
• 6 miles from WakeMed North Hospital | 77 beds
• 10 minutes from Wake Forest High School | 2,075 students
• 25 minutes from Raleigh-Durham International Airport | 400 flights per day
• Located adjacent to The Lindley at Grove 98 Apartments | 232 residential units
• Nearby Destination Retailers: Walmart Supercenter, Target, Wegmans, Publix, Harris Teeter, Lowes Foods, Food Lion, ALDI, Lidl, Lowe’s, Sam’s Club, Staples, Sherwin-Williams, Texas Roadhouse, Chili’s, Panera Bread, Chick-fil-A, McDonald’s, Bojangles, Cook Out, CAVA, Five Guys, Dave’s Hot Chicken, and more
• 30 minutes from downtown Raleigh
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.