4707 Veterans Pkw

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4707 Veterans Pkw

Garner, NC 27529
Asking Price
$1.98M
Asset Type
Retail
Class
Class B

What's Special

4707 Veterans Parkway is located in a high-traffic retail corridor in Garner, North Carolina, situated within a rapidly growing suburban area south of Raleigh. The property provides direct access to major regional thoroughfares, including U.S. Route 70 and Interstate 40, ensuring connectivity to the broader Research Triangle region. The immediate neighborhood is characterized by a mix of established residential subdivisions and commercial centers. Nearby amenities include national big-box retailers, grocery-anchored shopping plazas, and diverse dining options, contributing to consistent consumer foot traffic throughout the week. The retail asset is well-suited for a variety of commercial applications, ranging from traditional high-visibility storefronts to service-oriented business suites. Ideal use cases include boutique retail, casual dining, or professional service centers that benefit from prominent road frontage and easy accessibility. The typical tenant profile includes national franchises seeking market entry into growing bedroom communities, as well as local businesses aiming to leverage the area's increasing population density. The building layout supports flexible configurations to accommodate diverse operational requirements for mid-to-large-scale retail occupants.

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NOI
$80,000
Cap Rate
4.05%
DSCR
0.68
Underwater
Cash-on-Cash
-6.29%
Monthly Payment
$9,771.222
Annual Cash Flow
$-37,254.669

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