1309 Horner blvd - Convenience Store FOR SALE


Sanford, NC 27330
$2,520,000 USD
980-498-3293
1309 Horner blvd, Sanford, NC for Sale
$2,520,000 USD
Convenience Store - FOR SALE
1/5
null | 6.25% Cap Rate

1309 Horner blvd
Sanford, NC 27330


HIGHLIGHTS

  • NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
  • A TOP PERFORMING MARKET NATIONALLY
  • LOCATED IN A STRONG RETAIL NODE

OVERVIEW

STRONG CORPORATE GUARANTY - Dollar General was ranked #111 on the Fortune 500 2024 list - Over 19K locations in 46 states - 75% of Americans live within 5 minutes of a Dollar General LARGE EMPLOYERS NEARBY - 1.4 Miles from Central Carolina Hospital (140 Beds 525 Employees) - 1.2 Miles from Lee County High School (1500 Students 175 Employees) - 4 Miles from JR Ingram Jr Elementary School (400 Students) NEW CONSTRUCTION ON LARGE PARCEL - Built to suit Dollar General’s specs Warranties are in place NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS - Absolute NNN lease provides landlord zero responsibilities - 5% rental increases during option periods LOCATED IN A STRONG RETAIL NODE - Over 459k sqft of retail space in a one mile radius from the subject site - Over 743k sqft of industrial space within a one mile radius of the subject site A TOP PERFORMING MARKET NATIONALLY - Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) - Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) - Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)

FOR SALE DETAILS

PRICE

$2,520,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

C2

APN/PARCEL ID

9652-15-1783-00

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.