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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

42 & Old Drugstore Rd Garner, NC 27529

1.35 ac lot
Property ID
Property summary
AI-generated overview

This 1.35-acre outparcel, located at the signalized intersection of NC Highway 42 and Old Drugstore Road in Garner, NC (zip code 27529), presents a unique investment opportunity. Situated approximately 0.4 miles west of the newly developed I-40/US Hwy 42 interchange, this property boasts exceptional visibility and accessibility. The site is zoned GB and offers build-to-suit (BTS) options for single or multi-tenant development. Ideal for a variety of uses including retail, restaurant, medical office, executive office, gas station, or multifamily development. A newly opened retail center is directly across NC Highway 42, providing additional synergy and foot traffic. The property benefits from existing utilities including curb/gutter, streets, electricity, gas, water, cable, telephone, and irrigation. Located in the high-growth Johnston County submarket, this outparcel offers significant potential for long-term appreciation and strong rental income. Contact us today to discuss pricing and lease options.

Property profile
Verified
Property type Retail properties & Spaces
Lot 1.35 ac (58,806 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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