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Dollar General 1309 Horner blvd

10,566 SF Retail Building Sanford, NC 27330 $3,572,024 CAD ($338 CAD/SF) 6.25% Cap Rate

Retail Space North Carolina Sanford 1309 Horner blvd, Sanford, NC 27330

Investment Highlights

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

Executive Summary

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)

Attachments

Dollar General_Sanford, NC_6.25%

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,566 SF
Year Built
2024
Price
$3,572,024 CAD
Price Per SF
$338 CAD
Cap Rate
6.25%
NOI
$223,252 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.28 AC
Zoning
C2
1 of 1

Nearby Major Retailers

The Pantry
Truist
Applebee's
Lowes Foods
Starbucks

PROPERTY TAXES

Parcel Number 9643-06-4994-00 Improvements Assessment $74,820 CAD
Land Assessment $157,798 CAD Total Assessment $232,619 CAD

PROPERTY TAXES

Parcel Number
9643-06-4994-00
Land Assessment
$157,798 CAD
Improvements Assessment
$74,820 CAD
Total Assessment
$232,619 CAD
(704) 697-1900

Contacts

  • Listing ID: 33057858

  • Date on Market: 2024-09-04

  • Last Updated:

  • Address: 1309 Horner blvd, Sanford, NC 27330

The Retail Property at 1309 Horner blvd, Sanford, NC 27330 is currently available for sale. Contact Atlantic Capital Partners for more information.

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1309 Horner blvd, Sanford, NC for sale Primary Photo- Image 1 of 6
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1309 Horner blvd, Sanford, NC for sale Building Photo- Image 2 of 6
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Dollar General | 1309 Horner blvd
(704) 697-1900 x

Dollar General | 1309 Horner blvd

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David Hoppe

(704) 697-1900

(704) 697-1900

Ben Olmstead

(704) 651-5953

(704) 651-5953

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