Corporate-Backed NNN Retail
For Sale
$1,888,000
3110 Garner Rd, Raleigh, NC 27610
Modern single-tenant retail facility with absolute corporate lease support and flexible mixed-use zoning.
Property Size8,320 SF
Price / SF$226.92
Days on Market57
Property Features for 3110 Garner Rd
General Information
Standard status
Active
Size
8,320 SF
Building Details
Year Built
2017
Listing Agency:
Maher Commercial Realty
Listed By:
Oron Maher · License #01299093
(310) 464-1453
Source:
Myfabuloushome
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 7 at 4:27PM
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 Maher Commercial Realty
Investment Insights
Based on property information with market context.
This single-tenant NNN property includes an 8,320-square-foot retail building completed in 2017 for tenant-specific trade-dress requirements. The facility is fully leased to Family Dollar Stores of North Carolina, Inc., with an absolute corporate guarantee from Family Dollar Stores, Inc. The building occupies an 85,378-square-foot corner parcel, providing a substantial land component alongside the existing retail improvement.
Located at 3110 Garner Road in Raleigh, North Carolina, the property carries CX-3 Commercial Mixed-Use zoning. The combination of a modern building, a corporate-backed lease structure, and a nearly two-acre site creates a straightforward retail asset for a buyer evaluating single-tenant commercial real estate or a 1031 exchange.
Located at 3110 Garner Road in Raleigh, North Carolina, the property carries CX-3 Commercial Mixed-Use zoning. The combination of a modern building, a corporate-backed lease structure, and a nearly two-acre site creates a straightforward retail asset for a buyer evaluating single-tenant commercial real estate or a 1031 exchange.
Key Highlights
- 8,320 SF retail building completed in 2017
- 100% leased to Family Dollar Stores of North Carolina, Inc.
- Absolute corporate guarantee from Family Dollar Stores, Inc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,624
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,952,480
$3.0M
Cap Rate 7%
$2,108,914
$2.1M
Cap Rate 9%
$1,640,267
$1.6M
Market Conditions
NOI Build-Up for 8,320 SF
Gross rent
$224.6K $27.00/SF
− Vacancy
−$13.7K −$1.65/SF
EGI
$210.9K $25.35/SF
− OpEx
−$63.3K −$7.60/SF
NOI
$147.6K $17.74/SF
Area
ZIP 27610
Vacancy
6.12%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,952,480
Cap Rate 7%
$2,108,914
Cap Rate 9%
$1,640,267
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.46M
NOI $147,624 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.85M
NOI $170,726 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 27610, NC
75,164
Population
29,245
Households
2.6
Avg Household Size
34
Median Age
28%
College-Educated
86%
High-School Grad
45.2 sq mi
ZIP Area
1,663
Density / Sq Mi
$66,245
Median Household Income
$37,582
Median Earnings
$1,319
Median Rent
$260,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Modern single-tenant retail facility with absolute corporate lease support and flexible mixed-use zoning.
Where is this nnn property located?
The property is located at 3110 Garner Rd Raleigh, NC.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: 8,320 SF retail building completed in 2017; 100% leased to Family Dollar Stores of North Carolina, Inc.; Absolute corporate guarantee from Family Dollar Stores, Inc.
