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Investment Highlights
- 8,320 SF single-tenant retail building (2017) on an expansive 85,378 SF (1.96-Acre) corner lot | 6.76% Cap Rate
- Flexible CX-3 zoning supporting up to 3 stories of mixed-use commercial development.
- Poole Road Retail Corridor (0.2 mi) – Local and national retailers serving the community
- Fully occupied by Family Dollar under an initial 15-year lease term.
- Structured 10% rental increases built into successive 5-year renewal options.
- McDonald's, Subway, CVS, Wells Fargo & First Horizon Bank under 1/2 mile away
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2018
Price
$1,940,000
Price Per SF
$233.17
Cap Rate
6.76%
NOI
$131,069
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.96 AC
Zoning
CX-3 - Commercial Mixed Use
Parking
33 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
231’ on Garner Rd
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1702.16-93-7824-000 | Improvements Assessment | $1,149,206 |
| Land Assessment | $430,305 | Total Assessment | $1,579,511 |
Property Taxes
Parcel Number
1702.16-93-7824-000
Land Assessment
$430,305
Improvements Assessment
$1,149,206
Total Assessment
$1,579,511
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3110 Garner Rd
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