Property Details


Garner, NC
Property ID: 3898

    Financial Summary

    Asking Price $5,072,727
    Cap Rate 5.50%
    Net Operating Income (NOI) $279,000
    Lease Type NNN
    Lease Term Remaining 15.5 Years
    The Offering Memorandum for this property is no longer available.


    Andrew Fallon
    Executive Managing Director
    Rick Fernandez
    Senior Managing Director

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    • 15.5 years remaining
    • Investment grade tenant NASDAQ: WBA (S&P: BBB)
    • Absolute NNN lease - no landlord responsibilities
    • Located at the signalized hard corner intersection of Aversboro Road & Timber Drive with combined traffic count of 28,200 VPD
    • Directly across from CVS and Timber Landing shopping center
    • Within a 3-mile radius of the site, there is approximately 2.5M SF of retail, 2.7M SF of industrial space, and 2,388 multi-family units
    • Approximately 8 miles south of Downtown Raleigh-Durham MSA (Population of more than 2 million)

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    825 Timber Dr
    Garner, NC

    Traci BidingerWalgreens