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2791 CORNWALLIS RD
GARNER, NC 27529-8093
Asking Price
$1.38M
Asset Type
Commercial Land
Class
Class B
What's Special
0.92 AC Retail Land for Sale <ul><li>Approved plans for a drive-thru restaurant</li><li>Located in Garner, NC just west of Clayton, NC with a ~20 min drive to downtown Raleigh in Johnston County, the state of NC’s fastest growing county (15.7% since 2020) </li><li>Hard corner of a signalized intersection within 1.5 miles from the I-40 and 42 interchange and the new 540 outer loop extension </li><li>~25 acres behind the site currently listed for sale providing additional upside from potential future neighboring developme
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NOI
$80,000
Cap Rate
5.82%
DSCR
0.98
Underwater
Cash-on-Cash
-0.40%
Monthly Payment
$6,802.75
Annual Cash Flow
$-1,632.997
