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33549471
33549472

3110 Garner Road, Raleigh, NC 27610

OM
CA 01299093
Maher Commercial Realty
AZ
CA 01987372
Maher Commercial Realty
Listed by Maher Commercial Realty
$1,940,000
0 days on market
Updated 0 days ago

3110 Garner Road

Details
Property Type Retail
Square Footage 8,320
Net Rentable (SqFt) 8,320
Units 1
Cap Rate 6.76%
NOI $131,069
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 15
Remaining Term 6
Price per SqFt $233
Class A
Year Built 2017
Lot Size (SqFt) 85,378
Zoning CX-3
Parking Spaces spaces
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition N/A

Corporate Family Dollar Lease | 6.76% Cap Rate

Marketing description

Maher Commercial Realty presents a premier, fully stabilized single-tenant retail investment opportunity at 3110 Garner Rd in the rapidly expanding Raleigh, North Carolina market. This high-quality, 8,320 SF commercial building occupies an expansive 85,378 SF (1.96-acre) corner lot featuring versatile CX-3 (Commercial Mixed-Use) zoning. Built in 2017 to suit tenant trade-dress specifications, the property is 100% leased to Family Dollar Stores of North Carolina, Inc., backed by an absolute corporate guarantee from Family Dollar Stores, Inc. Offering an investor predictable passive income, an established neighborhood footprint, and zero near-term capital requirements, this net-leased asset delivers immediate stability alongside long-term real estate value.

This is a quintessential “sleep-well-at-night” single-tenant investment tailored for a passive investor or a 1031 exchange buyer seeking corporate-backed stability. 3110 Garner Rd removes lease-up and development risk by pairing an internet-resistant corporate retail giant with a massive 1.96-acre corner parcel. Positioned cleanly within Raleigh’s high-growth path, it offers a secure, predictable incoming yield underpinned by substantial land equity and a highly flexible mixed-use zoning profile.

3110 Garner Rd represents a compelling corporate acquisition in the heart of the supply-constrained Wake County retail market. The combination of modern 2017 construction, an ironclad parent company guarantee, and a nearly two-acre footprint provides a low-risk commercial entry point with exceptional long-term appreciation potential. For the private or institutional investor looking to deploy capital into an established, zero-maintenance cash-flow asset within one of North Carolina’s premier growth corridors, this offering delivers immediate stability and timeless real estate value.

Investment highlights

KEY POINTS

  • 8,320 SF single-tenant retail building (2017) on an expansive 85,378 SF (1.96-Acre) corner lot.
  • Fully occupied by Family Dollar under an initial 15-year lease term.
  • Absolute corporate guarantee from parent entity Family Dollar Stores, Inc.
  • Flexible CX-3 zoning supporting up to 3 stories of mixed-use commercial development.
  • Structured 10% rental increases built into successive 5-year renewal options.

Listing Contacts

OM
CA 01299093
Maher Commercial Realty
AZ
CA 01987372
Maher Commercial Realty
Listed by Maher Commercial Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,069.00
$10,922.42/mo

Valuation Metrics

0
DSCR
6.76%
Cap Rate
6.76%
ROI

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