Leon Wright

Member of D-3 Realty Group

Leon Wright

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This profile has not yet been claimed or personalized. If you are Leon, you can claim and unlock this agent profile to showcase your experience, specialties, and contact details for prospective buyers and sellers. Leon Wright appears to specialize in selling homes in areas including: Garner, NC, Raleigh, NC. List prices for homes in these areas have ranged from $785,000 to $3,000,000.

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$785K

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$785K - $785K

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$785K

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FEATURED LISTINGS

Garner NC Commercial Sale for Sale

Please see the details below regarding a premier income-producing commercial property available for sale or lease at 1155 Timber Drive E, Garner, NC. Located in the heart of Garner near the White Oak Shopping Center, this site offers high visibility in a high-growth area with strong retail anchors. Investment & Pricing Options - Purchase Price: $3,000,000 for the entire building, including immediate rental income from Unit 102. - Unit 101 Lease Rate: $9,200/month + TICAM (NNN Lease). Space size is 2,765 sq. ft. Property Composition - Unit 101 (Available): Turnkey 2nd-generation restaurant space with a fully built-out kitchen infrastructure, including a walk-in freezer and refrigerator. - Unit 102 (Occupied): Features an active tenant providing stable, immediate cash flow for a purchaser. Lease Terms (Unit 101) The owner is offering two 5-year renewal options with a 5% graduated annual increase. Financing Seller financing is available. The owner is open to considering flexible structures for qualified buyers. Please contact us directly to discuss terms and down payment requirements. Location & Access The building is located in front of the movie theater on Timber Drive East. From I-40 East, take the US-70 West exit, turn left onto White Oak Rd, and then left onto Timber Drive East. Complete floor plans, structural dimensions, and lease details for Unit 102 are available upon request for serious purchase inquiries. Please contact the listing team today to schedule a walkthrough or to request the full documentation package

Active
$3,000,000 Active
- bds
- 0 ba
- 3400 sqft
1155 Timber Drive E 101

Garner, NC
Listing by: Leon Wright - D-3 Realty Group

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SOLD/OFF MARKET LISTINGS

Raleigh NC Commercial Sale for Sale

An exceptional, low-maintenance investment opportunity to acquire a prime commercial retail condominium in Raleigh's highly trafficked Millbrook Lake Center. Offered at $785,000, this property features an established, long-term laundromat tenant generating immediate, reliable cash flow. Because the tenant owns the equipment and handles operational costs, this asset offers an investor a true "hands-off" passive stream of income. Financial & Investment Highlights Immediate Cash Flow: Generates a steady, predictable income of $5,000 per month ($60,000 annually) from day one. Strong Yield: Offering an attractive 7.64% gross capitalization yield at the current asking price. Absolute Passive Structure: The tenant owns 100% of the commercial laundromat equipment. Under the current agreement, the tenant is fully responsible for all equipment maintenance, property repairs, and any additional assessments, insulating the landlord from unexpected operational expenses. Strategic Location & Property Features Prime Raleigh Location: Situated in a high-visibility retail strip right off the bus line with easy access to US-1 and the I-440 beltline. Built-In Customer Base: Surrounded by dense, multi-family residential complexes and established neighborhoods, ensuring a permanent demand for the tenant's services and long-term viability for the location. Excellent Asset Condition: Modern, second-generation commercial buildout featuring tenant-controlled HVAC, updated storefront signage, and ample shared parking within the center. Property Overview Property Type: Retail Commercial Condominium Current Use: Tenant-Operated Laundromat Monthly Income: $5,000/month ($60,000/year) Maintenance & Expenses: 100% Tenant responsibility (Repairs, maintenance, and assessments) Financing Structure Seller Financing Potential: The owner is open to considering flexible owner-financing structures or creative deal structuring for well-qualified buyers with a substantial down payment. Inquire Today: Full lease details, condo association documents, and property specifics are available upon request. Contact the listing team directly to discuss terms or schedule a site visit.

Withdrawn
$785,000 Withdrawn
- bds
- 0 ba
- 2420 sqft
2411 E Millbrook Road Suite 104

Raleigh, NC
Listing by: Leon Wright - D-3 Realty Group

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