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0 East Garner Road and 0 Wilmington Road
Garner, NC 16105
Asking Price
Contact for price
Asset Type
Commercial Mixed-use
Class
Class B
What's Special
Mixed Use <ul><li>±96.86-acre Master Planned Development Near White Oak & I-40</li><li>Zoned for up to 950 residential units (350 single-family or townhomes, 600 multifamily units) and up to 35,000 SF of commercial</li><li>Executed Development Agreement with the Town of Garner to facilitate and coordinate development efforts</li><li>Walkable to Downtown Garner, Garner Recreational Park, and under construction Yeargan Park ($26M investment, late 2026 opening)</li><li>4 minutes from White Oak Shopping
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547