Garner Plaza Retail Center
505-537 Plaza Circle, Garner, NC 27529
Fully leased retail center in growing Raleigh MSA.
Type:Retail
Property size:
57,863 SF- Added:
- May 13, 2026
- Days on Market:
- 15
- Last Refresh:
- May 14 at 9:41 pm
Property Features for 505-537 Plaza Circle
General Information
- Standard status
- Active
- Size
- 57,863 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agent Andrew Roupas License #NC 356434
Listing office Bryant Capital Advisors
Listing date May 13, 2026
Source Crexi
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 Bryant Capital Advisors
HighLights
- 100% leased retail center in a high‑traffic location with 40,000+ vehicles per day.
- Significant NOI growth potential (~25% over five years) by increasing rents to market rates.
- Located in a rapidly growing retail corridor with strong demographics and projected population growth of ~13%.
- Stable, predictable income stream due to NNN lease structures and staggered lease expirations.
- Service‑oriented, daily‑needs tenant mix ensures durable occupancy and consistent consumer traffic.
- Proximity to major demand drivers including Downtown Raleigh, Research Triangle Park, and WakeMed's planned hospital.
Overview
Garner Plaza is a 57,863 square foot neighborhood retail center, situated along U.S. Highway 70 in Garner, North Carolina, within the Raleigh MSA. The property is 100% leased and positioned along a primary retail corridor experiencing traffic counts exceeding 40,000 vehicles per day. The tenant mix is service-oriented, catering to daily needs, which supports consistent occupancy and consumer traffic. The majority of leases are structured as NNN, providing predictable expense recoveries and stable net income, while staggered lease expirations reduce rollover risk. Current rents average approximately $13.37 per square foot, which is an estimated 31% discount to market rents of $17.82 per square foot. The location is within one of the Triangle's fastest-growing retail corridors, supported by strong demographic growth and major infrastructure investment. The trade area encompasses over 125,000 residents within a five-mile radius, with a projected population growth of approximately 13% and household incomes expected to increase 18% to around $115,000. Additional demand drivers include proximity to Downtown Raleigh, Research Triangle Park (with over 60,000 employees), WakeMed's planned 195-bed hospital, the NC-540 expansion, and the nearby 225-acre E-District mixed-use development. The asset offers stable in-place income with meaningful embedded NOI growth potential. As leases roll to market, this spread supports projected NOI growth of approximately 25% over a five-year hold period without requiring significant capital investment.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Aversboro Square — 1411 State Rd 2710, Garner, NC 27529
- The Shops at Garner Plaza — 531 Plaza Cir, Garner, NC 27529
- Coinstar Kiosk | Bitcoin ATM — Food Lion, 1317 5th Ave, Garner, NC 27529
Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Wake
- State
- North Carolina
- Longitude
- -78.61181
- Latitude
- 35.7046849
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Fully leased retail center in growing Raleigh MSA.
Where is this shopping center located?
The property is located at 505-537 Plaza Circle Garner, NC.
What are key features of this property?
This property features: 100% leased retail center in a high‑traffic location with 40,000+ vehicles per day.; Significant NOI growth potential (~25% over five years) by increasing rents to market rates.; Located in a rapidly growing retail corridor with strong demographics and projected population growth of ~13%.
