10 Technology Dr Garner, NC 27529
- Lifestyle centers
- 9,400 SF
- 1.01 lot acres
Current Use by Public Records
- Christian Church | Garner / Association / Organization
- DA KIDZ SPOT / Event Venue
Property Details for 10 Technology Dr
- Year built
- 2024
- Lot size
- 1.01 lot acres
- Property size
- 9,400 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Shops at Swift Creek, a 9,400 square foot, Class A retail center in Garner, North Carolina. Located at 10 Technology Drive, this property boasts a prime location on a major commuter and retail thoroughfare, offering excellent visibility and accessibility. The building, constructed and renovated in 2024, sits on a 1.01-acre lot and is currently 100% occupied by three high-credit tenants: Aspen Dental, AT&T, and Mattress Warehouse. Each tenant has signed a new 10-year lease with options for at least two 5-year extensions, providing long-term stability and predictable cash flow. Rent bumps vary, offering potential for future income growth. The property features a strong Net Operating Income (NOI) of $388,590, resulting in an attractive 6.25% capitalization rate. The asking price is $6,218,000, representing a fee-simple ownership opportunity. The location benefits from high traffic volume, with proximity to I-40 and a low vacancy rate in the surrounding retail node. The area demonstrates strong population growth and high average household income, indicating a robust and expanding market. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with exceptional tenant quality and lease terms.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.5684
- Latitude
- 35.6049
