360 Ashville Ave

Investment Overview

A 5,625 SF Atlantic Tire location on a 1.00-acre parcel, producing $141,509 in base rent effective July 17, 2026 ($25.16/SF). Priced at $2,282,403 at a 6.20% CAP rate, the asset offers contractual 3% annual rent growth and long-term tenancy in one of the Triangle’s most sought-after suburban submarkets. The property’s compact, efficient footprint supports strong rent coverage and operational performance.

Investment Highlights

• » PIN: 0762332751
• » Lot size: 1.00 acre
• » Zoning: GCCU (General Commercial – Conditional Use, Town of Cary)
• » Traffic counts: ±6,600 VPD on Regency Parkway; ±15,500 VPD on adjacent US-1
• » Lease in place through July 31, 2033, providing approximately 7 years of remaining term, and 3% annual rent escalations
• » Three additional five-year renewal options
• » PE-backed tenant platform
• » High-income suburban trade area with strong residential density
• » Proven operator with established regional presence