3721 Tryon Rd

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3721 Tryon Rd

Raleigh, NC 27606
Asking Price
$3.60M
Asset Type
Retail
Class
Class B

What's Special

3721 Tryon Road is situated in Southwest Raleigh, a submarket characterized by a blend of established residential neighborhoods and commercial corridors. The property is positioned near the intersection of Tryon Road and Lake Wheeler Road, providing direct access to major transit arteries including Interstate 40 and U.S. Route 1. The surrounding area features a mix of local service providers, convenience retail, and dining options. Its proximity to both North Carolina State University and the downtown districts ensures steady traffic counts and visibility within a growing suburban landscape. The asset is suitable for a range of retail applications, including convenience stores, specialty boutiques, or neighborhood service centers. Its location and layout align with the needs of local retailers seeking to capture the daily commuter flow between Raleigh and neighboring Cary. Typical tenants for this profile include service-oriented businesses, franchise storefronts, or professional offices requiring high street visibility. The property offers functional space for operators looking to establish a presence within a densely populated residential radius supported by stable demographics.

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.39%
Monthly Payment
$17,817.985
Annual Cash Flow
$-133,815.818

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