FOR SALE
3110 GARNER ROAD
RALEIGH, NC 27610
Sale Price:
$1,888,000
Lot Size:
±85,378 SF
Building Size:
+8,320 SF
Year Built:
2017
ABOUT THE PROPERTY
Maher Commercial Realty presents a premier, fully stabilized single-tenant retail investment opportunity at 3110 Garner Rd in the rapidly expanding Raleigh, North Carolina market. This high-quality, 8,320 SF commercial building occupies an expansive 85,378 SF (1.96-acre) corner lot featuring versatile CX-3 (Commercial Mixed-Use) zoning. Built in 2017 to suit tenant trade-dress specifications, the property is 100% leased to Family Dollar Stores of North Carolina, Inc., backed by an absolute corporate guarantee from Family Dollar Stores, Inc. Offering an investor predictable passive income, an established neighborhood footprint, and zero near-term capital requirements, this net-leased asset delivers immediate stability alongside long-term real estate value.
This is a quintessential “sleep-well-at-night” single-tenant investment tailored for a passive investor or a 1031 exchange buyer seeking corporate-backed stability. 3110 Garner Rd removes lease-up and development risk by pairing an internet-resistant corporate retail giant with a massive 1.96-acre corner parcel. Positioned cleanly within Raleigh’s high-growth path, it offers a secure, predictable incoming yield underpinned by substantial land equity and a highly flexible mixed-use zoning profile.
3110 Garner Rd represents a compelling corporate acquisition in the heart of the supply-constrained Wake County retail market. The combination of modern 2017 construction, an ironclad parent company guarantee, and a nearly two-acre footprint provides a low-risk commercial entry point with exceptional long-term appreciation potential. For the private or institutional investor looking to deploy capital into an established, zero-maintenance cash-flow asset within one of North Carolina’s premier growth corridors, this offering delivers immediate stability and timeless real estate value.
KEY POINTS
8,320 SF single-tenant retail building (2017) on an expansive 85,378 SF (1.96-Acre) corner lot
Fully occupied by Family Dollar under an initial 15-year lease term | 6.94% Cap Rate
Absolute corporate guarantee from parent entity Family Dollar Stores, Inc.
Flexible CX-3 zoning supporting up to 3 stories of mixed-use commercial development.
Structured 10% rental increases built into successive 5-year renewal options.
PROPERTY HIGHLIGHTS
Corporate Guarantee & Strong Tenant Commitment
Corporate Tenant Covenant: Leased to Family Dollar Stores of North Carolina, Inc., a dominant national e-commerce-resistant discount retailer operating thousands of locations nationwide.
Absolute Financial Backing: Features an explicit corporate guarantee from parent entity Family Dollar Stores, Inc., providing a premium credit-backed layer of financial security for the landlord.
Established Operating History: The tenant has successfully operated out of this dedicated, build-to-suit location since its construction in 2017, proving the site's long-term commercial viability.
Predictable, Passive Income with Contractual Escalations
Stable Cash Flow Base: The initial 15-year lease term delivers immediate income consistency, generating a predictable net operating yield with structured tenant expense reimbursements.
Built-In Inflation Hedges: The lease features multiple successive 5-year renewal options, each carrying a corporate-backed 10% rent escalation to continuously compound investor returns over the holding period.
Low Management Friction: Operating under a highly passive retail structure, the tenant manages day-to-day operational details, providing an ideal "hands-off" alternative to standard commercial properties.
Exceptional Core Real Estate and Acreage Realities
Massive 1.96-Acre Corner Lot: The substantial 85,378 SF parcel represents an incredible suburban land-bank footprint, providing a generous land-to-building ratio that is rare for net-leased retail assets.
Flexible CX-3 Zoning: The Commercial Mixed-Use (up to 3 stories) designation supports high-density retail, service, and commercial office applications, insulating the underlying land value with immense future optionality.
Newer 2017 Construction: Featuring modern structural mechanics, dedicated concrete surface parking spaces, and efficient utility footprints, the building limits investor exposure to deferred maintenance or immediate capital expenditure outlays.
High-Visibility Triangle Area Infill Location
Dominant Corner Position: Situated at the high-traffic intersection of Garner Road (SR 1004) and Grove Creek Lane, ensuring excellent daily visibility and effortless ingress/egress.
Expanding Raleigh Submarket: Strategically located within the robust Wake County commercial corridor, capturing dense local consumer demographics driven by the region's continuous corporate and residential influx.
Seamless Regional Access: Connects shoppers efficiently to downtown Raleigh and major regional transit arteries, cementing its role as an essential service-oriented retail hub for the surrounding community.
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