1145 US

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1145 US

Garner, NC 27529
Asking Price
$5.18M
Asset Type
Retail
Class
Class B

What's Special

1145 US Highway 70 is located within the central commercial corridor of Garner, North Carolina, a growing suburb of the Raleigh-Durham metropolitan area. The property sits in a high-traffic retail environment characterized by established shopping centers and residential neighborhoods. Immediate amenities include national grocery chains, big-box retailers, and diverse dining options. The site offers direct frontage on a major regional thoroughfare, providing efficient transit access to Interstate 40 and Downtown Raleigh, which is situated approximately six miles to the northwest. This retail asset is suited for businesses requiring high visibility and consistent daily vehicle counts. Ideal use cases include standard retail storefronts, service-oriented businesses, or satellite medical offices. The typical tenant profile consists of regional franchises, local consumer service providers, and convenience-based retailers looking to leverage the area’s dense residential population and the steady commuter traffic between Johnston County and the Research Triangle Park.

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NOI
$80,000
Cap Rate
1.54%
DSCR
0.26
Underwater
Cash-on-Cash
-14.65%
Monthly Payment
$25,648.979
Annual Cash Flow
$-227,787.747

Location & Travel Times