- For Sale $2,282,403
- Property Type Retail - Street Retail
- Property Size 5,625 SF
- Units 16
- Lot Size 1 Acre
- Year Built 1990
- Date Updated Jun 11, 2026
Description
Positioned within a densely populated and rapidly expanding pocket of Cary, the property offers strong neighborhood connectivity and commuter access, with ±6,600 VPD on Regency Parkway and adjacent US-1 carrying approximately 15,500 VPD. The surrounding trade area draws on Cary’s deep employment base, top-rated schools, and quality-of-life appeal, all of which sustain consistent demand for convenience-oriented automotive services. The location pairs everyday accessibility with the durability of a mature, built-out market.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.
Highlights
- High-income suburban trade area with strong residential density
- Lease in place through July 31, 2033, providing approximately 7 years of remaining term, and 3% annual rent escalations
- Lot size: 1.00 acre
- PE-backed tenant platform
- PIN: 0762332751
- Proven operator with established regional presence
- Three additional five-year renewal options
- Traffic counts: ±6,600 VPD on Regency Parkway; ±15,500 VPD on adjacent US-1
- Zoning: GCCU (General Commercial – Conditional Use, Town of Cary)
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Contacts
Moss Withers
Lee & Associates
Location
Located at 360 Ashville Ave, Cary, NC 27518, this property is part of the Lochmere Forest East neighborhood and Raleigh Durham market.
Contact Listing Broker
Moss Withers
Lee & Associates