2502-2540 Lee Ave | Sanford, NC 27332
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- LoopNet Team
2502-2540 Lee Ave
Sanford, NC 27332
Retail Investment Opportunity - Sanford, NC · Retail Property For Sale
Investment Highlights
- The current tenant line-up has a weighted average tenancy tenure of 23.5 years.
- Within the past two years, tenants including Ollie’s Bargain Outlet, Planet Fitness, Hwy 55, Jersey Mike’s, and Sport Clips have moved to Sanford.
- 2502-2540 Lee Ave has incredible exposure to over 20,000 vehicles traveling along Main Street and Lee Avenue.
- Sanford is seeing tremendous growth, development, and investment from individuals and companies from across the country.
- Family Dollar, Sears, Rent-A-Center, and Aaron’s (68% of GLA) have all been at this location since 2005 and have each extended their leases.
- Over the past 10 years, the surrounding demographics within a 1, 3, and 5-mile radius all increased annually by over 0.73%.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
60,640 SF
Building Class
C
Year Built
1964
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
4.31 AC
Zoning
C-2 - Commercial
Parking
189 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 9652-40-5843-00 | Improvements Assessment | $2,760,613 |
| Land Assessment | $689,794 | Total Assessment | $3,450,407 |
PROPERTY TAXES
Parcel Number
9652-40-5843-00
Land Assessment
$689,794
Improvements Assessment
$2,760,613
Total Assessment
$3,450,407
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