1125 Us-70 Garner, NC 27529
- Retail properties
- 3,206 SF
- 0.83 lot acres
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 1125 Us-70
- Year built
- 1997
- Lot size
- 0.83 lot acres
- Property size
- 3,206 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 3,206 square foot Taco Bell restaurant located at 1125 US-70 in Garner, North Carolina (27529). The property, built in 1997 and renovated in 2015, sits on a 0.83-acre lot and benefits from its strategic outparcel location adjacent to a Target and Home Depot, ensuring high visibility and traffic. The absolute NNN lease with Taco Bell, a highly reputable brand, commenced March 19, 2019, and has a remaining term of approximately 16.4 years, expiring March 30, 2039. The lease includes two five-year renewal options and features a 10% rent increase every five years, providing significant long-term growth potential. The current annual net operating income (NOI) is $105,537, representing a 4.25% cap rate on the asking price of $2,483,223 ($774.55 per square foot). The property boasts 100% occupancy and is a one-story building. This investment offers a compelling combination of a strong tenant, a prime location, and a secure, long-term lease, making it an ideal addition to any portfolio. The property operates as an 185-unit operator.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Wake
- State
- North Carolina
- Longitude
- -78.6347
- Latitude
- 35.7163
