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1376-1380 NW Maynard Rd 7,485 SF 100% Leased Retail Building Cary, NC 27513 $3,052,096 ($407.76/SF) 6.20% Cap Rate
Investment Highlights
- 7,485 SF freestanding building with 8 bays and 7 lifts — a well-improved, high-capacity automotive service facility
- Established infill location on NW Maynard Road — ±21,000 VPD along one of Cary's primary commercial corridors
- E-commerce-resistant, essential-service use — needs-based automotive service insulated from online retail
- NNN lease through 2033 with 3% annual escalations — ~7 years remaining plus three 5-year renewal options
- PE-backed tenant platform — Atlantic Tire operates within Goodturn Tire & Auto (~70 locations / ~35 brands)
- Affluent Cary demographics — average household incomes above $150K within 3 miles in one of the nation's highest-income, fastest-growing markets
Executive Summary
A 7,485 SF automotive service facility on a 1.14-acre infill parcel, generating $189,230 in base rent effective July 17, 2026 ($25.28/SF). The asset is priced at $3,052,096, reflecting a 6.20% CAP rate, with 3% annual escalations driving consistent income growth across the remaining lease term. The site benefits from an established operating history at a mature, high-visibility location within Cary’s inner commercial ring.
The property fronts NW Maynard Road, one of Cary’s primary semi-circular commercial corridors connecting the town’s densest residential and retail nodes, with approximately 21,000 vehicles per day. The immediate trade area is anchored by affluent, well-established neighborhoods and steady daily traffic, and Cary consistently ranks among North Carolina’s highest-income and fastest-growing communities. Its central position offers convenient access to US 1/64, Cary Parkway, and the broader Triangle commuter network.
The property fronts NW Maynard Road, one of Cary’s primary semi-circular commercial corridors connecting the town’s densest residential and retail nodes, with approximately 21,000 vehicles per day. The immediate trade area is anchored by affluent, well-established neighborhoods and steady daily traffic, and Cary consistently ranks among North Carolina’s highest-income and fastest-growing communities. Its central position offers convenient access to US 1/64, Cary Parkway, and the broader Triangle commuter network.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,485 SF
Building Class
C
Year Built
1998
Price
$3,052,096
Price Per SF
$407.76
Cap Rate
6.20%
NOI
$189,230
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.14 AC
Zoning
GCCU - (General Commercial – Conditional Use, Town of Cary)
Parking
32 Spaces (4.28 Spaces per 1,000 SF Leased)
Frontage
123’ on Maynard Rd
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0754.19-61-5675-000 | Improvements Assessment | $1,973,900 |
| Land Assessment | $923,142 | Total Assessment | $2,897,042 |
Property Taxes
Parcel Number
0754.19-61-5675-000
Land Assessment
$923,142
Improvements Assessment
$1,973,900
Total Assessment
$2,897,042
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1376-1380 NW Maynard Rd
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