4707 Veterans Pky - Freestanding FOR SALE


Garner, NC 27529
$2,030,000 USD
919-949-5672
4707 Veterans Pky, Garner, NC for Sale
$2,030,000 USD
Freestanding - FOR SALE
1/12
null | 5% Cap Rate

4707 Veterans Pky
Garner, NC 27529


HIGHLIGHTS

  • Lease guaranteed by O’Reilly Automotive Stores, Inc., a publicly traded Fortune 500 company (NASDAQ: ORLY) with over 6,000 stores
  • 20-year initial lease term running through October 2037, with four additional five-year options
  • Tenant covers taxes, insurance, and maintenance; landlord is only responsible for structural components
  • Garner is a rapidly growing community within the Raleigh–Durham Research Triangle, one of the top U.S. regions for population and employment growth
  • Located along Veterans Parkway (Highway 42), surrounded by Walmart Supercenter, Food Lion, Lowe’s, and other national retailers
  • Great frontage along a primary commercial artery with strong traffic counts (±18,000 VPD) + easy access to surrounding residential neighborhoods

OVERVIEW

The offering is a single-tenant O’Reilly Auto Parts store located at 4707 Veterans Parkway (Highway 42) in Garner, North Carolina. This ±7,225 SF retail property sits on a well-positioned parcel with strong frontage and visibility along one of Garner’s key retail corridors. The site offers ample surface parking and was designed to meet O’Reilly’s national standards. The lease is double-net (NN), with the tenant responsible for taxes, insurance, and maintenance, while the landlord handles structural components. Rent began in October 2017 with a 20-year initial term through October 2037, followed by four (4) five-year renewal options. Garner is part of the Raleigh-Cary MSA, itself part of the larger region known as the Research Triangle.

FOR SALE DETAILS

PRICE

$2,030,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts Store in Garner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

GB

APN/PARCEL ID

06E02005C

ASK ABOUT THIS PROPERTY

Carey GreeneSVN | Real Estate AssociatesMore Info
919-949-5672

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Carey GreeneSVN | Real Estate AssociatesMore Info
919-949-5672

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