Location
The location of North Hills is acknowledged to be the best retail and commercial location in the area. Found in the midst of densely populated and affluent neighborhoods – the old line neighborhoods "inside the Beltline" and the fast growing expansive housing market in North Raleigh. It is widely regarded as the market"s best location for dense office development simply because the property sits midway between downtown Raleigh and its north suburbs, and because its location on I-440 (the Beltline) give North Hills excellent access to any other area of the city. Whether one lives in the Triangle or is a first time visitor, getting to North Hills is any easy task. With visibility from the interstate, North Hills even has its own dedicated exit from I-440.
The Raleigh-Durham-Chapel Hill MSA population recently eclipsed the one million mark and currently stands at just over 1.4 million. Every month, over 3,000 people move to the Raleigh-Durham MSA. Since 1990, the MSA's population has risen by almost 60%, and its percentage growth rate more than tripled the national rate while outpacing growth in every other North Carolina MSA. By the year 2010, estimates predict that the area will be home to 1,537,207 people.
In the five miles surrounding North Hills, there are more than 221,000 customers, and the average yearly income is $72,500.
Within a one-mile radius, the average yearly salary is over $102,000, putting Midtown Raleigh and North Hills on par with the affluence of Charlotte's South Park and Atlanta's Buckhead area.
Six Forks Road is the main connector for the North Raleigh suburbs, a population that has grown significantly in size and income since 1990.
The average home price for adjacent Lassiter Mill Road is $300 psf.
The North Hills area is densely populated with homes ranging from $500 - $3M+.
Every day, more than 200,000 cars pass through North Hills in the triangle formed by I-440, Six Forks Road and Lassiter Mill Road.
Downtown Raleigh is 4 miles away.
The Research Triangle Park is 15 minutes away.
The Raleigh Durham International Airport is 12 minutes and one stoplight away.
NC State University is 5 miles away.
Duke University and UNC Chapel Hill are 20 and 30 minutes away.