Entity Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 30,054 SF
- Lot area
- 3.99 ac
- Year built
- 2003
- Stories
- 2
- APN
- 1720.15-64-1421 0304586
- Zoning
- CMX
- Assessed value · 2023
- $5,163,422
- Annual tax · 2023
- $66,298
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
This district is designed to accommodate general commercial, retail, and service activities that serve the whole community. Offices and very light industrial uses may also be appropriate depending on the context. This di…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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