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)

Net Lease Advisor

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825 Timber Dr
Garner, NC

Traci BidingerWalgreens