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Wawa - Raleigh (Garner) NC 55 Masonboro Dr 5,915 SF Retail Building Garner, NC 27529 $4,640,000 ($784.45/SF) 4.85% Cap Rate
Investment Highlights
- New Construction | 19 Years Remaining | Options to Extend | Corporate Guaranty | Scheduled Rental Increases
- Strong Demographics Immediate Trade Area | Raleigh MSA | Within 18 Miles Of NC State University
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- 10th Fastest-Growing City | Interstate 40 (69,500+ VPD) | Nearby National/Credit Tenants | Migration Driven Poplution Growth
Executive Summary
• The lease has approximately 19 years remaining, plus six 5-year renewal options, demonstrating the tenant’s long-term commitment to the site
• The lease includes 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• The site will feature brand new construction with the brand’s modern store design and state-of-the-art building materials
• The lease includes 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• The site will feature brand new construction with the brand’s modern store design and state-of-the-art building materials
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Building Size
5,915 SF
Building Class
C
Year Built
2025
Price
$4,640,000
Price Per SF
$784.45
Cap Rate
4.85%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.89 AC
Zoning
CC - Community Commercial
Parking
44 Spaces (7.44 Spaces per 1,000 SF Leased)
Frontage
289’ on Inspiration Drive
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Nearby Major Retailers
1 of 11
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Wawa - Raleigh (Garner) NC | 55 Masonboro Dr
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