108 N Arendell Ave 2,500 SF 100% Leased Office Building Zebulon, NC 27597 $936,772 CAD ($374.71 CAD/SF) 8.42% Cap Rate

Fully leased, stabilized mixed-use investment opportunity located at 106–108 N. Arendell Avenue in the heart of downtown Zebulon, NC. The ±2,500 SF two-story asset consists of ±1,250 SF of prime street-level retail and ±1,250 SF of second-floor office space.
The property is 100% occupied by Align Pilates and a State Farm Insurance agency, providing a durable tenant mix of service-oriented users with consistent demand drivers and long-term tenancy stability.
In-Place Income:
Align Pilates (Ground Floor) – $2,575/month, lease renewed March with 3% annual increases, expiring 2/28/2030
State Farm Insurance (Second Floor) – $2,925/month, lease renewed December with 3% annual increases, expiring 11/30/2027
Total Gross Rental Income: $66,000 annually
Expenses & Returns:
Total annual expenses of approximately $9,143, including property taxes of $1,547
Net Operating Income: $56,857
Cap Rate: 8.42%
The asset is in turnkey condition with minimal deferred maintenance, offering investors immediate cash flow and limited near-term capital requirements. The building’s placement within the Downtown Core District allows for flexible use and enhances long-term redevelopment potential.
Strategically positioned along N. Arendell Avenue, Zebulon’s primary commercial corridor, the property benefits from strong visibility, walkability, and proximity to local retail and dining amenities. Zebulon continues to experience strong growth as part of the greater Raleigh market, supporting long-term rent growth and appreciation.
This offering presents a rare opportunity to acquire a stabilized, income-producing asset in a supply-constrained downtown environment with built-in rent growth and strong downside protection.
For additional information or to schedule a showing, please contact Steve Gillooly at (919) 612-9885 Cell or Email Sgillooly@Gilloolyrealty.com