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Sully's Golf & Gather 2311 Timber Dr 10,600 SF Retail Building Garner, NC 27529 $3,648,000 ($344.15/SF) 6.35% Cap Rate
Investment Highlights
- Prime signalized corner location | Timber Dr & Woodland Rd | 23,800 VPD combined
- Affluent surrounding area | $114,109 average household income within a 3-mile radius
- Exceptional population growth | Projected 12.59% growth within a 5-mile radius over the next five years
- North Carolina’s largest indoor golf entertainment venue
- Positioned within a dominant retail corridor | 2.4M SF of retail space within 2 miles surrounded by major national retailers
- Strategic Raleigh MSA location | Approx. 10 minutes from downtown Raleigh and 15 minutes from North Carolina State University | 40,500 students
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Sully's Golf & Gather in Garner, NC. We welcome your review of this attractive investment.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,600 SF
Building Class
B
Year Built
1996
Price
$3,648,000
Price Per SF
$344.15
Cap Rate
6.35%
NOI
$231,658
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.80 AC
Zoning
SB - Commercial
Parking
80 Spaces (7.55 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1701.19-60-5416-000 | Improvements Assessment | $1,322,941 |
| Land Assessment | $840,197 | Total Assessment | $2,163,138 |
Property Taxes
Parcel Number
1701.19-60-5416-000
Land Assessment
$840,197
Improvements Assessment
$1,322,941
Total Assessment
$2,163,138
Contacts
-
Al Dickens -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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