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2920 Lee Ave Sanford, NC 27332

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For Sale
$2,621,350

Flex/warehouse investment property with a new 10-year lease.

Property size:
9,690 SF

Property Features for 2920 Lee Ave

General Information

Size
9,690 SF

Building Details

Year built
1973

Source: Silas Fortuin Agent Silas Fortuin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Industrial Investment with Laydown Yard

This industrial investment property is located along Lee Avenue in Sanford, NC, situated in a strong industrial and flex corridor. The location provides access to US 421 Hwy leading to Lillington and NC 87 Hwy to Fayetteville and I-95. The US 421 Hwy Bypass offers a four-lane, divided highway route to US 1 Hwy towards the Raleigh-Durham metro area. The facility is near the retail market and the downtown district in Sanford, which includes restaurants and large retailers. The property is a freestanding flex investment with laydown available for purchase with a new, 10-year Herc Rental Lease. The building has 9,690 square feet of flex/warehouse space with approximately 1 acre of laydown yard on 1.9 acres. It is zoned C-2 and includes a turnkey office, showroom and 2 warehouses. Warehouse 1 totals 6,690 square feet with 6 drive-in doors, and Warehouse 2 totals 3,000 square feet with 4 drive-in doors. The lease commenced on March 1, 2025, and expires on April 30, 2035, for a term of 10 years. There are two options to renew for five years each. The lease type is NN with 2.5% annual rent increases. The net operating income is $170,388 with a cap rate of 6.5%.
Insight Report Location Intelligence

Current Use by Public Records

His Amazing Grace Non-Profit Organization Joe's garage of Sanford Mechanic

Suggested Use

Realty agency Restaurant Law Firm Dental Office Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

A Storage Place, industrial records management - sanford / central north carolina, Diversified, Wilson Road Self Storage

Location Insight

  • Map
  • Local Demand
City
Sanford
County
Lee
State
North Carolina
Longitude
-79.1452002
Latitude
35.4500629

FAQs

What type of property is this?
Warehouse - Flex/warehouse investment property with a new 10-year lease.
Where is this warehouse located?
The property is located at 2920 Lee Ave Sanford, NC.
What is the asking price?
The asking price for this property is $2,621,350.
What are key features of this property?
This property features: - New 10-year Herc Rental Lease provides immediate income; - High NOI of $170,388 and a 6.5% Cap Rate; - Strategic location in a strong industrial corridor with excellent access to major highways
More about this property
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