3110 Garner Rd - Freestanding FOR SALE


Raleigh, NC 27610- Parkland/Hidden Creek
$1,940,000 USD
415-378-5464
3110 Garner Rd, Raleigh, NC for Sale
$1,940,000 USD
Freestanding - FOR SALE
1/16
null | 6.76% Cap Rate

3110 Garner Rd
Raleigh, NC 27610
Parkland/Hidden Creek


HIGHLIGHTS

  • 8,320 SF single-tenant retail building (2017) on an expansive 85,378 SF (1.96-Acre) corner lot | 6.76% Cap Rate
  • Fully occupied by Family Dollar under an initial 15-year lease term.
  • 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.
  • Poole Road Retail Corridor (0.2 mi) – Local and national retailers serving the community
  • McDonald's, Subway, CVS, Wells Fargo & First Horizon Bank under 1/2 mile away

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,940,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

CX-3

APN/PARCEL ID

1702.16-93-7824-000

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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