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301 Gregson DrCary, NC 27511
301 Gregson
Asset ClassIndustrial, Office, Special Purpose
Rentable SF33,232
Land: 4.99 AcresMSA: Raleigh-DurhamOccupancy: 100%Access Data Room
STNL - Flex / R&D - Raleigh, NC MSA
overview of deal

Overview

Trinity Partners, LLC, on behalf of the Owner, is pleased to serve as exclusive advisor for the sale of 301 Gregson Drive (the “Property”), a 33,232-rentable-square foot, mission-critical research and development (R&D) facility located in Cary, North Carolina – one of the most desirable submarkets within the Research Triangle region.

 

The Property is situated within MacGregor Park, a premier business park at the convergence of U.S. Highway 1 and U.S. Highway 64, two of the Triangle’s most dynamic growth corridors. Fueled by sustained population and employment expansion across Cary, Apex, and Holly Springs, this corridor has rapidly transformed into a central node within the region’s broader growth trajectory.

 

The Property has been 100% leased to SmallHD (the “Tenant”) since 2018, with the Tenant recently extending its lease through October 2029 – underscoring the mission-critical nature and functionality of the facility. Featuring minimal landlord responsibilities and 3.5% annual rental escalations, the offering presents a compelling opportunity to acquire a high-quality, cash-flowing asset in the Raleigh–Durham–Cary CSA.

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Investment Highlights

Mission Critical HQ for Long-Term Tenant

  • Established tenant with deep roots in the Triangle region
  • 7.5 Year tenure at the Property
  • Recent term extension through October 2029
  • Attractive $19.00/SF rent commencing October 17, 2026
  • NNN lease structure with 3.5% escalations

Functional | High-Quality Asset

  • Single-story R&D office/flex configuration designed to accommodate engineering, testing, light production, and collaborative office functions
  • Transformational turn-key buildout completed in 2018
  • Highly adaptable plug & play design featuring an efficient layout and modern finishes
  • Extensive capital investment including recent roof replacement
  • 100% climate-controlled warehouse space
  • Two (2) dock-high loading positions

Highly Accessible | Strong Demographic Fundamentals

  • Central location in the highly desirable Cary Submarket
  • Near instant access to Highway 1 and Highway 64
  • Surrounded by dense, affluent residential neighborhoods and abundant amenities
  • Located within ±5 miles of I-40, I-440 and I-540
  • Less than 20 miles from both RDU International Airport and Research Triangle Park
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301 Gregson DrCary, NC 27511
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