42 & Old Drugstore Rd Garner, NC 27529
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.