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 provides high-visibility placement within Garner’s primary commercial corridor. The property is situated in a dense retail environment characterized by a mix of national big-box retailers, local businesses, and established shopping centers. The location benefits from immediate proximity to major transit routes, including Interstate 40 and US-401, facilitating regional access across the Research Triangle. The surrounding neighborhood features a blend of mature residential communities and growing light-industrial hubs, ensuring a consistent local customer base. This asset is suited for high-traffic retail operations, including franchise showrooms, service-oriented storefronts, or specialty retail outlets. The building’s layout and prominent road frontage accommodate businesses requiring significant signage and easy customer ingress. Typical tenants for this submarket include automotive services, equipment rental companies, and discount retailers. The regional connectivity also makes the site a viable option for last-mile retail fulfillment or destination shopping that draws from both Garner and the greater Raleigh metropolitan area.

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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