For Sale
$3,474,000

10 Technology DrGarner, NC 27529

Added:
Dec 11, 2024
Days on market:
116

Highlights

  • Attractive lease terms with strong tenant.
  • 15-year absolute NNN lease with four 5-year options; 10% rent increases every 5 years.
  • Located in a low-vacancy retail area with 885,000 SF of retail space within 1 mile and a 1.1% vacancy rate; over 14,000 SF of annual absorption.
  • Strong co-tenancy with Walmart, Lowe's, Food Lion, Walgreens, and Dunkin'.
  • Investment-grade corporate guarantee from Chipotle Mexican Grill (NYSE: CMG).
  • High-growth, affluent trade area with 3.7% annual population growth (2020-2024), projected 4.3% growth over the next 5 years; average household income exceeding $96,000.

Property Details for 10 Technology Dr

Property type
Retail properties, Restaurants
Square Feet
2,524 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Garner
County
Johnston
State
North Carolina
Latitude
35.6052821
Longitude
-78.5686137
10 Technology Dr, Garner, North Carolina

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10 Technology Dr
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