For Sale
$3,474,000
10 Technology Dr Garner, NC 27529
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 10 Technology Dr Garner, NC.
- What is the asking price?
- The asking price for this property is $3,474,000.
- What are key features of this property?
- This property features: 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.
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