Retail Business for Sale in Cary, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cary, NC 27513

Description

Marcus & Millichap is pleased to present the offering for Caliber Collision in Cary, NC. Investment Highlights: • 18,402-SF Single Tenant Corporate Caliber Collision on a Large +/- 3.14-AC Lot | New 15 Year Lease Starting at Close of Escrow With 2, Five-Year Renewal Options, Ensuring Long-Term Stability • Absolute Net Lease With No Landlord Responsibilities | Tenant is Responsible for Insurance, Taxes, Interior, Exterior, Including Roof, HVAC and Parking Lot. • The Lease Features a 2% Annual Rental Escalation Throughout the Primary Term and Each Option Period. • This Caliber Location is Ranked in the 98th Percentile For Site Visits Nationwide and 3rd Overall in the State According to Placer.ai • Located in a Dense Residential and Retail Corridor. 12 Miles From Downtown Raleigh. New Census Data Ranks the Raleigh-Cary Area as the 10th Fastest-Growing Metro Area in the US, Wake County Had the Fifth Most Growth of Any County in 2025. • Cary is Consistently Recognized as a Best Place to Live and One of the Safest Cities in America by Multiple Publications. • Situated Along NW Maynard Road, a Major Road Surrounding the Downtown Cary Area, Seeing 21,000 Vehicles Per Day (VPD) | Easy Access to Both Interstate 40 and US 64 With Easy Access to the Entire Raleigh-Durham-Chapel Hill Triangle. • 2 Miles From Park West Village, a Dense 750,000-SF Mixed Use Development With Over 500 Apartment Units and Multiple Nation Retail Tenants

Market Context

This retail in Cary, NC is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 67 days. Compare it against other retail listings for sale in Cary, NC — <a href="/search/sale/retail/north-carolina/cary">view the full market</a>.

As of Q1 2025, the Raleigh retail market showed a 21.0% vacancy rate, average asking rents near $38.19/SF/yr, rents up 3.1% year over year, and cap rates around 5.9%. Source: Consensus Q1 2025 market report.

Its 6.0% asking cap rate is in line with the Raleigh retail market average of about 5.9%. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Raleigh?
About 5.9% as of Q1 2025, per Consensus.
Is the Raleigh retail market tightening or softening?
Vacancy is around 21.0%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Very Low Confidence

$29.95/SF – $40.51/SF

Mid: $35.23/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market richmond (similarity: 100%) with 7 comparable listings.

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