- 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 Jul 21, 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
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