Automotive Service
1380 Northwest Maynard Road Cary, NC 27513
1380 Northwest Maynard Road, Cary, NC, 27513
$3,052,096
For Sale
$3,052,096
Automotive service facility on an infill parcel with major road traffic and a long-term lease in place.
Property Size7,485 SF
Lot Size1.14 Acres
Price / SF$407.76
Days on Market32
Property Features for 1380 Northwest Maynard Road
General Information
- Standard status
- Active
- Size
- 7,485 SF
- Lot size
- 1.14 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing Agency
(919) 576-2501
Listed by
Moss Withers · License #262680
(919) 576-2501
Source
Lee-associates
Added: Jun 17 Checked: Jul 17 at 5:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moss Withers
Investment Insights
Based on property information with market context.
The property is a 7,485-square-foot automotive service facility built on a 1.14-acre infill parcel. The tenant is in place, and the lease extends through July 31, 2033, providing remaining term and 3% annual rent escalations. Three additional five-year renewal options are included, giving further potential for continued occupancy.
Located on Northwest Maynard Road within Cary’s inner commercial ring, the site benefits from high visibility with an estimated traffic count of 121,000 VPD. The offering is zoned GCCU (General Commercial – Conditional Use) under the Town of Cary, supporting commercial activity on this mature corridor.
For buyers and operators seeking a stabilized automotive-oriented real estate asset, the combination of an existing operating history, prominent roadway exposure, and a long lease term with scheduled escalations offers a straightforward fit. The tenant’s lease structure through 2033, along with renewal options, can help support continuity for the next ownership cycle. The property is currently generating base rent effective July 17, 2026, and is offered for sale at $3,052,096.
Located on Northwest Maynard Road within Cary’s inner commercial ring, the site benefits from high visibility with an estimated traffic count of 121,000 VPD. The offering is zoned GCCU (General Commercial – Conditional Use) under the Town of Cary, supporting commercial activity on this mature corridor.
For buyers and operators seeking a stabilized automotive-oriented real estate asset, the combination of an existing operating history, prominent roadway exposure, and a long lease term with scheduled escalations offers a straightforward fit. The tenant’s lease structure through 2033, along with renewal options, can help support continuity for the next ownership cycle. The property is currently generating base rent effective July 17, 2026, and is offered for sale at $3,052,096.
Key Highlights
- 7,485 SF automotive service facility on a 1.14‑acre infill parcel (built in 1998)
- Base rent of $189,230 effective July 17, 2026 ($25.28/SF)
- Lease in place through July 31, 2033, with 3% annual rent escalations and three additional five‑year renewal options
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.9k | $18.96 |
| − Vacancy | −$8.2k | −$1.10 |
| EGI | $133.7k | $17.86 |
| − OpEx | −$40.1k | −$5.36 |
| NOI | $93.6k | $12.50 |
7,485 SF · lease $18.96/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,579 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$683.0K
$597.6K – $796.9K
NOI $47,811 @ 7.0% cap · market cap 1.57%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,603 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Atlantic Tire & Service
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Security Systems — 101 smoke house lane suite1, cary, nc 27513
- NC Complete Auto Care — 121 High House Rd, Cary, NC 27511
- Atlantic Tire & Service — 1380 NW Maynard Rd, Cary, NC 27513
- Gerber Collision & Glass — 201 Maynard Crossing Ct, Cary, NC 27513
- Volvo Cars of Cary Service Department — 1375 NW Maynard Rd, Cary, NC 27513
FAQs
What type of property is this?
Auto shop - Automotive service facility on an infill parcel with major road traffic and a long-term lease in place.
Where is this auto shop located?
The property is located at 1380 Northwest Maynard Road Cary, NC.
What is the asking price?
The asking price for this property is $3,052,096.
What are key features of this property?
This property features: 7,485 SF automotive service facility on a 1.14‑acre infill parcel (built in 1998); Base rent of $189,230 effective July 17, 2026 ($25.28/SF); Lease in place through July 31, 2033, with 3% annual rent escalations and three additional five‑year renewal options
