3110 Garner Road, Raleigh, NC 27610
Description
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.
- 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 Features:
- List Price: $1,888,000
- Building Size: +/-8,320 Sq.Ft.
- Land Area: +/-85,378 Sq.Ft.
- Zoning: CX-3
- Cap Rate: 6.94%
- NOI: $131,069
Address
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Address 3110 Garner Rd, Raleigh, NC
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Country United States
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Postal code/ZIP 27610
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Contact
Arian Zerehi
Property Agent
Arian Zerehi is an Investment Associate at Maher Commercial, specializing in the acquisition and disposition of multifamily properties, gas stations, and car washes across Southern California. With a strong foundation in Commercial Real Estate, Real Estate Development, and Real Estate Syndication, Arian leverages his in-depth industry knowledge to deliver optimal results for both buyers and sellers. Arian brings a strategic, client-first approach to every transaction, guiding clients through the complexities of buying, selling, or exchanging investment real estate. His success stems from a deep understanding of market dynamics, an ability to negotiate favorable terms, and an unwavering commitment to protecting his clients’ interests. He holds a dual degree in Real Estate Development and Business Administration from the University of Southern California and is a licensed Chevron, Shell, and Mobil dealer. Arian is also well-versed in Delaware Statutory Trusts (DSTs) across all U.S. states, providing his clients with tax-advantaged solutions and alternative investment opportunities. CA DRE 01987372
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093