2033 W Garner Rd - Auto Repair FOR SALE


Garner, NC 27529- Garner/Fuquay Varina
$1,250,000 USD
908-255-9698
2033 W Garner Rd, Garner, NC for Sale
$1,250,000 USD
Auto Repair - FOR SALE
1/13
null | 7.78% Cap Rate

2033 W Garner Rd
Garner, NC 27529
Garner/Fuquay Varina


HIGHLIGHTS

  • Easy access to I-40, US-70, Downtown Raleigh, Downtown Garner
  • 4 drive-in doors
  • Large gravel laydown yard
  • 15’ peak ceiling height
  • 3 Phase Power
  • Established tenant (20+ years in business)

OVERVIEW

This income producing property is offered at $1,250,000 ($137 / SF) and delivering $97,200 in annual NOI for a 7.78% cap rate, this ±9,145 SF, four-building flex complex couples secure cash flow with hard-to-replace real estate in Garner’s fast-growing industrial corridor. The site fronts W Garner Rd with a dedicated office/showroom and three rear warehouse bays, 3-phase power, 15-ft peak clear height and four drive-in doors, plus nearly half an acre of impervious lay-down yard for outdoor storage or parking. A single, local tenant—an established auto-services firm in business for 20+ years—recently executed a five-year NNN lease at market rent and invested substantial capital into upgrading the premises. Immediate connectivity to I-40, US-70, downtown Garner and downtown Raleigh underpins long-term tenant demand and future rent growth, positioning the asset for durable income today and appreciation tomorrow.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

7.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,852 SF

ZONING

LI

APN/PARCEL ID

1712.17-00-8321-000

ASK ABOUT THIS PROPERTY

Nicholas MelfiCityPlatMore Info
908-255-9698

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Nicholas MelfiCityPlatMore Info
908-255-9698

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.