2304 Jefferson Davis Hwy - Freestanding FOR SALE


Sanford, NC 27332
$5,295,238 USD
202-847-4200
2304 Jefferson Davis Hwy, Sanford, NC for Sale
$5,295,238 USD
Freestanding - FOR SALE
1/7
null | 5.25% Cap Rate

2304 Jefferson Davis Hwy
Sanford, NC 27332


HIGHLIGHTS

  • New Construction Ground Lease
  • Attractive Rent Increases
  • Corporate Lease
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Sheetz ground lease located at 2304 Jefferson Davis Highway in Sanford, North Carolina (“the Property”). The new construction gas station and convenience store opened in January of 2025. Sheetz has a 15-year Absolute NNN Ground Lease with seven (7), 5-year renewal options. The lease calls for 10% rent increases every five years throughout the primary lease term and at the start of each of the five-year renewal options. Sheetz is extremely well located at the signalized intersection of Jefferson Davis Highway (US Highway 1/ 501) and Center Church/Tramway Road (NC Route 78), the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage, visibility, and access and sits at the center of a newly developed commercial cluster. Sheetz shares the intersection with Walgreens, CVS, several new construction QSR’s and Tramway Crossing, a Food Lion anchored shopping center. The Property is also surrounded by area schools and several new residential developments including Pine Reserve Apartments and Sandhill Court Apartments, all of which provides a captive customer base. Sheetz is in southeastern Sanford and is approximately 4-miles from the city center.

FOR SALE DETAILS

PRICE

$5,295,238 USD

PRICE/SF

$309 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sheetz

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

-

APN/PARCEL ID

9631-43-6709-00

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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