- For Sale $3,052,096
- Property Type Retail - Street Retail
- Property Size 7,485 SF
- Lot Size 1.14 Acre
- Year Built 1998
- Date Updated Jun 11, 2026
Description
The property fronts NW Maynard Road, one of Cary’s primary semi-circular commercial corridors connecting the town’s densest residential and retail nodes, with approximately 21,000 vehicles per day. The immediate trade area is anchored by affluent, well established
neighborhoods and steady daily traffic, and Cary consistently ranks among North Carolina’s highest-income and fastest-growing communities. Its central position offers convenient access to US 1/64, Cary Parkway, and the broader Triangle commuter network.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.
Highlights
- Affluent surrounding demographics supporting long-term service demand
- Established infill location with high-visibility corridor frontage
- Lease in place through July 31, 2033, providing approximately 7 years of remaining term and 3% annual rent escalations.
- Lot size: 1.14 acres
- PE-backed tenant platform
- PIN: 0754615675
- Three additional five-year renewal options
- Traffic count: ±21,000 VPD on NW Maynard Road
- Zoning: GCCU (General Commercial – Conditional Use, Town of Cary)
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Contacts
Moss Withers
Lee & Associates
Location
Located at 1380 Northwest Maynard Road, Cary, NC 27513, this property is part of the Dutchess Village neighborhood and Raleigh Durham market.
Contact Listing Broker
Moss Withers
Lee & Associates