42 & Old Drugstore Rd, Garner, NC 27529
This exceptional retail center, situated at the intersection of NC Highway 42 and Old Drugstore Road in Garner, North Carolina (zip code 27529), presents a unique investment opportunity. Located approximately 0.4 miles west of the newly developed I-40/US Hwy 42 interchange, this high-traffic area benefits from a signalized intersection and proximity to a recently opened retail center across NC Hwy 42. The property boasts a lot size ranging from 0.98 to 5.25 acres and is zoned GB, permitting a variety of uses. Currently available for sale or lease, build-to-suit (BTS) options are available for single or multi-tenant occupancy. Ideal for retail, restaurant, medical, office, gas station, or multifamily developments. This rapidly growing Johnston County location offers excellent visibility and access to existing utilities including curb/gutter, streets, electricity, gas, water, cable, telephone, and irrigation. The property's strategic location and flexible development options make it an attractive proposition for investors seeking a high-return investment in a thriving market.
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.