Garner (Raleigh), NC 27603

Steak N Shake

Property Address

4202 Fayetteville Road, Garner, NC, USA

Offering Summary

  • Price: $2,580,000
  • Lot Size: 0.96 Acres
  • Cap Rate: 6.0%
  • Year Built: 1994/2018
  • Building SF: 2,636
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.4% Annual Increases
  • 2018 Renovation
  • Raleigh MSA - 152,330+ Residents in Growing Garner Trade Area
  • Close Proximity to Major Retailers - Walmart Supercenter, Target, Lowe’s, Big Lots, Sear’s, etc.
  • Visible to 40,000+ Cars per Day Along Fayetteville Rd
  • 10 Minutes from North Carolina State University (32,110+ Enrolled) and Downtown Raleigh
  • Two Miles Off the Interstate 40 (114,000+ Cars per Day)
  • More Than 243,550 Daytime Employees in Trade Area
  • Near Garner High School (2,650 Enrolled)

Broker Information