1400 Timber E Dr, Garner, NC 27529-6925
- Individual retail properties
- 30,054 SF
- 3.99 lot acres
Current Use by Public Records
- Shelly Howard Wegman / Physician
- Natalie M. Hughes, RD / Physician
- Jocelyn Ouvry, PT / Physician
- Laurie Muirhead, MS, CCC-SLP / Physician
- Allison Gorin Barrier, PT, MHA / Physician
Property Details for 1400 Timber E Dr
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 3.99 lot acres
- Zone code
- CMX
- Property type
- Individual retail properties
- APN
- 1720.15-64-1421 0304586
- APU
- 1720156414210304586
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 25, 2025 | — | Dr 1400 LLC | — | Deed · related | $4.5M · Ks Bank INC |
| May 13, 2024 | $3,850,000 | Timber Dr 1400 LLC | Wyrick Robbins Yates & Ponton LLP | Special Warranty Deed | — |
| Apr 1, 2013 | $9,000,000 | Arhc Rhgarnc01 LLC | Flagship Garner LLC | Grant Deed | — |
| Dec 28, 2011 | $7,500,000 | Flagship Garner LLC | Garner Wellness LLC | Grant Deed · related | $5.4M · Bank Of North Carolina |
| Nov 14, 2008 | — | Garner Wellness LLC | — | Trustees Deed · related | $1M · Gateway Bank & Trust |
| Jun 22, 2005 | — | Garner Wellness LLC | — | Deed Of Trust · related | $6.1M · Crescent State Bank |
| — | — | Garner Wellness LLC | — | Deed Of Trust · related | $1M · Crescent State Bank |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 30,054 square foot, Class A fitness center in Garner, NC (Raleigh MSA). The property, built in 2003 and renovated in 2024, sits on a 3.99-acre lot and boasts a two-story building with 100% occupancy. A strong corporate guarantee backs the absolute NNN lease with a prominent tenant, Fit4Life, currently operating 18 locations in the region. The lease commenced August 31, 2025, and expires August 30, 2035, offering a substantial 10-year remaining term with two 5-year renewal options. Rent escalations are built in, with a 10% increase every five years, including option periods. The property generates a significant Net Operating Income (NOI) of $540,972, resulting in an attractive 7.50% cap rate. The strategic location within a thriving commercial node, near major retailers like Target, Burlington, and PetSmart, and surrounded by over 1,500 multifamily units, ensures strong demand and future growth potential. The property enjoys excellent accessibility, with easy access from Timber Drive East and proximity to major highways. This investment offers a compelling combination of strong lease fundamentals, a prime location in a high-growth market, and a proven tenant, making it an ideal addition to any portfolio. The asking price is $7,213,000.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,925,000
- RESTAURANT
- $3,180,000
- WAREHOUSE, STORAGE
- $3,100,000
- COMMERCIAL (GENERAL)
- $3,050,000
- OFFICE BUILDING
- $2,905,000
- AUTO REPAIR, GARAGE
- $2,765,000
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Location Insight
- Map
- Local Demand
- City
- Garner
- County
- Wake
- State
- North Carolina
- Longitude
- -78.5753
- Latitude
- 35.6847
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
