After checking on my L is for Loquacious cache and finding it missing and the area it was in somewhat modified, I chose to archive that one, but I think this is an interesting area so I decided to place another cache a short distance away.
Do not attempt to access the cache from US 1. It's dangerous and there's a fence between the highway and the cache. Recommended access is from the Kmart parking lot. There's a fairly steep hill that can be slippery when wet or just from pine straw on the ground, so choose your path carefully. That's the reason for the terrain rating.
On the way to the cache, you'll pass by a curious set of old tires with nets propped up against stakes. They were here when I placed the first cache and when I placed this one I noticed that the stakes and some of the nets appear to have been replaced relatively recently. I've been wondering since I placed the first cache why they were here. Today I followed a trail I found off to the north and it led me toward one of NC State's Entomology buildings, so my current theory is that they are part of an insect experiment. Please don't disturb them. The cache is not on/in/under any of the tires.
The cache is available at all times, but I suspect that the odds of being questioned by the police are higher after dark and after the nearby businesses are closed. There's also a lot of beer bottles in the area, so it might be a weekend party spot.
UPDATE: (01/19/13) Whatever was being done with the tires is apparently over. Some of the tires are still there stacked up near the fence by the highway, but they are no longer set up in the odd way they were originally.