- For Sale $1,975,000
- Property Type Retail
- Property Size 7,225 SF
- Lot Size 0.97 Acre
- Year Built 2017
- Date Updated May 14, 2026
Description
Garner, located minutes from downtown Raleigh, is part of the fast-growing Research Triangle region. The area has seen strong population and employment growth, driven by residential development, expanding infrastructure, and proximity to major employment centers like RTP and downtown Raleigh. The property itself is strategically located within a high-traffic retail corridor surrounded by national/regional retailers, including Walmart, Food Lion, Advance Auto Parts, Lowe’s Home Improvement, and a variety of QSR's.The offering is a single-tenant O’Reilly Auto Parts store located at 4707 Veterans Parkway (Highway 42) in Garner, North Carolina. This ±7,225 SF retail property sits on a well-positioned parcel with strong frontage and visibility along one of Garner’s key retail corridors. The site offers ample surface parking and was designed to meet O’Reilly’s national standards. The lease is double-net (NN), with the tenant responsible for taxes, insurance, and maintenance, while the landlord handles structural components. Rent began in October 2017 with a 20-year initial term through October 2037, followed by four (4) five-year renewal options. Garner is part of the Raleigh-Cary MSA, itself part of the larger region known as the Research Triangle.
Highlights
- Built-In Rent Growth: Flat rent for first 10 years, followed by 6% increases every 5 years during the remaining term and option periods.
- Corporate Guarantee: Lease guaranteed by O’Reilly Automotive Stores, Inc., a publicly traded Fortune 500 company (NASDAQ: ORLY) with over 6,000 stores nationwide.
- Dynamic Market: Garner is a rapidly growing community within the Raleigh–Durham Research Triangle, one of the top U.S. regions for population and employment growth.
- High-Visibility Site: Excellent frontage along a primary commercial artery with strong daily traffic counts and easy access to surrounding residential neighborhoods.
- Long-Term Commitment: 20-year initial lease term running through October 2037, with four additional five-year options.
- Modern Prototype Construction: Built in 2017, 7,225 SF freestanding store with ample surface parking and modern design standards.
- NN Lease Structure: Tenant covers taxes, insurance, and maintenance; landlord is only responsible for structural components.
- Strong Retail Corridor: Located along Veterans Parkway (Highway 42), surrounded by Walmart Supercenter, Food Lion, Advance Auto Parts, Lowe’s, and other national retailers.
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Contacts
Carey Greene
SVN | Real Estate Associates
Location
Located at 4707 Veterans Parkway, Garner, NC 27529, this property is part of the Cleveland Crossing neighborhood and Raleigh Durham market.
Contact Listing Broker
Carey Greene
SVN | Real Estate Associates