Authorities said two people entered the store just before 4:30 a.m., stole $19,899 worth of electronics and fled the scene in a Dodge Journey.
Multiple law enforcement units including highway patrol were involved in the chase.
At one point, the pair was driving the wrong way down Interstate 40.
Officials said they used the stolen equipment to track the car.
A K-9 was able to locate a bag containing the stolen goods outside of the old Morrisville Outlet Center.
Police said the pair stole 24 smartphones (including 12 iPhones and 12 Samsung Galaxy Phones), two iPad Airs, one iPad 6th Generation and four Apple Watches.
Officials took 26-year-old Deshon Khayre McClain, of Durham, into custody.
He's been charged with conspiracy to commit felony larceny and felony conspiracy to possess stolen property.
A search is underway for the second suspect, who escaped by running away.
Those who recognize the person or know any information about the incident should contact Wake Forest police at (919) 554-6150.