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33839007
33838988

68 Masonboro Drive, Garner, NC 27529

CB
NC 287166
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$1,450,000
1 day on market
Updated 1 day ago

Valvoline Ground Lease

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 2,500
Cap Rate 5.00%
NOI $72,500
Occupancy 100%
Tenancy Single
Brand/Tenant Valvoline
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $580
Broker Co-Op True
Year Built 2025
Acreage 1.370
Zoning Commercial
Parking Spaces 10 spaces
Parking Per SqFt 4.00
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 05/02/2025
Ground Lease Yes

Retail | 5.00% CAP | 2,500 SqFt

Investment highlights

• New 2025 construction

• Absolute net ground lease | Zero landlord responsibilities

• Desirable lease term | 14 years remaining

• Part of a new construction master plan featuring Wawa and Whataburger

• Explosive population growth within 1-mile | 132.04% from ’10-‘25

• Affluent surrounding area | $126,210 average household income within a 3-mile radius

• 2nd Largest Valvoline franchisee in U.S. | 243 locations across 13 states

• Located inside of dense retail corridor | 1.2M SF within a 2-mile radius

• Strategically located off I-40 | 52K VPD

• Stable projected population growth over the next 5 years | 14.69% growth within a 1-mile radius

• Great visibility from Rt. 36 - Veterans Parkway | 19,500 VPD

• Large parcel | 1.37 acres

• 20 minute drive to downtown Raleigh

• 15 minutes from UNC Health Johnston-Clayton | 50 beds

• Within 15 minutes from South Garner High School & Cleveland High School | 3,700 students combined

• Close to Destination Retailers | Walmart Supercenter, Publix, Lowes Foods, ALDI, Lowe’s, Tractor Supply Co., Cracker Barrel, McDonald’s, Chipotle, Taco Bell, Bojangles, Dunkin’, Jersey Mike’s, Panera Bread, Cook Out, Whataburger, Biscuitville, Wawa, Sheetz, and more

Listing Contacts

CB
NC 287166
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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$72,500.00
$6,041.67/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

Map

Zoning

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GB CommercialGeneral CommercialGeneral Business District
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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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