Investment Overview
A 7,485 SF automotive service facility on a 1.14-acre infill parcel, generating $189,230 in base rent effective July 17, 2026 ($25.28/SF). The asset is priced at $3,052,096, reflecting a 6.20% CAP rate, with 3% annual escalations driving consistent income growth across the remaining lease term. The site benefits from an established operating history at a mature, high-visibility location within Cary’s inner commercial ring.
Investment Highlights
- » PIN: 0754615675
- » Lot size: 1.14 acres
- » Zoning: GCCU (General Commercial – Conditional Use, Town of Cary)
- » Traffic count: ±21,000 VPD on NW Maynard Road
- » 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
- » Established infill location with high-visibility corridor frontage
- » Affluent surrounding demographics supporting long-term service demand