360 Ashville Ave

For Sale

360 Ashville Ave, Cary, NC 27518

This Cary property for sale is located at 360 Ashville Ave. The current listed sale price for 360 Ashville Ave is $2,282,403. 360 Ashville Ave is situated on a lot that is 1 acre in size.

Contacts

Moss Withers

Lee & Associates

Property Details

  • Property Type Retail - Street Retail
  • Property Size 5,625 SF
  • Units 16
  • Lot Size 1 Acre
  • Year Built 1990
  • Date Updated Jun 11, 2026
Positioned within a densely populated and rapidly expanding pocket of Cary, the property offers strong neighborhood connectivity and commuter access, with ±6,600 VPD on Regency Parkway and adjacent US-1 carrying approximately 15,500 VPD. The surrounding trade area draws on Cary’s deep employment base, top-rated schools, and quality-of-life appeal, all of which sustain consistent demand for convenience-oriented automotive services. The location pairs everyday accessibility with the durability of a mature, built-out market.A 5,625 SF Atlantic Tire location on a 1.00-acre parcel, producing $141,509 in base rent effective July 17, 2026 ($25.16/SF). Priced at $2,282,403 at a 6.20% CAP rate, the asset offers contractual 3% annual rent growth and long-term tenancy in one of the Triangle’s most sought-after suburban submarkets. The property’s compact, efficient footprint supports strong rent coverage and operational performance.
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Highlights

  • High-income suburban trade area with strong residential density
  • Lease in place through July 31, 2033, providing approximately 7 years of remaining term, and 3% annual rent escalations
  • Lot size: 1.00 acre
  • PE-backed tenant platform
  • PIN: 0762332751
  • Proven operator with established regional presence
  • Three additional five-year renewal options
  • Traffic counts: ±6,600 VPD on Regency Parkway; ±15,500 VPD on adjacent US-1
  • Zoning: GCCU (General Commercial – Conditional Use, Town of Cary)

Attachments

Getting around

  • 43/100

    Walk Score ®

  • 27/100

    Transit Score ®

  • 29/100

    Bike Score ®

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Location

  • City Cary, NC
  • Neighborhood Lochmere Forest East
  • Zip Code 27518
  • Market Raleigh Durham

Points of Interest

  • Raleigh

    8.26 miles

  • Zone 1: Prearranged Services

    9.39 miles

  • Zone 4: Limos

    9.44 miles

  • Valero

    1.35 miles

  • Circle K

    1.42 miles

  • EVgo

    1.63 miles

  • Citgo

    1.66 miles

  • Shell

    1.99 miles

  • Sheetz

    2.21 miles

  • BP

    2.29 miles

  • Exxon

    2.36 miles

  • Costco Gasoline

    2.43 miles

  • Building C Charging Station

    5.83 miles

  • Senior Parking Lot

    2.57 miles

  • Town of Cary Library Parking Deck

    3.13 miles

  • East Cedar Street Lot

    3.50 miles

  • Cary Town Hall Parking Deck

    3.64 miles

  • Lake Johnson Park Lot 2

    4.17 miles

  • Reception Area

    4.46 miles

  • Handicap Parking

    4.47 miles

  • S10K Permit

    4.47 miles

  • S25K Permit

    4.51 miles

  • S50K Permit

    4.54 miles

  • Danny's Bar-B-Que

    0.10 miles

  • Lucky 32

    0.14 miles

  • O'Charley's

    0.18 miles

  • Panera Bread

    0.33 miles

  • Ginger Asian

    0.34 miles

  • Burger King

    0.45 miles

  • Taziki's Mediterranean Cafe

    0.45 miles

  • Famous Toastery

    0.50 miles

  • Shake Shack

    0.51 miles

  • Enrigo

    0.52 miles

  • Walmart Supercenter

    0.25 miles

  • Harris Teeter

    0.39 miles

  • Whole Foods Market

    0.53 miles

  • Trader Joe's

    1.46 miles

  • Lowes Foods

    1.52 miles

  • ALDI

    1.56 miles

  • Big Lots

    2.22 miles

  • Publix

    2.37 miles

  • Food Lion

    2.37 miles

  • Kohl's

    2.55 miles

Contact Listing Broker
Moss Withers

Lee & Associates

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