Industrial Investment with Laydown
2920 Lee Ave, Sanford, NC 27332
Flex/warehouse investment property with a new 10-year lease.
Type:Industrial
Property size:
9,690 SFPrice / SF:
$270/SF- Added:
- Nov 26, 2025
- Days on Market:
- 176
- Last Refresh:
- Jan 5 at 7:40 pm
Property Features for 2920 Lee Ave
General Information
- Standard status
- Active
- Size
- 9,690 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1973
Listing agent Connie Salyer
Listing office Blue Ridge Properties (423) 247-4181
Listing date Nov 26, 2025
Source Lee-associates
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Blue Ridge Properties
HighLights
- 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
- Freestanding flex investment with ±1 acre of laydown yard
- Two warehouse spaces totaling 9,690 SF with 10 drive‑in doors
- Zoned C‑2, offering flexible usage options
Overview
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%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
His Amazing Grace
Charitable Organization
Joe's garage of Sanford
Auto Repair Shop
Similar Places Nearby
- A Storage Place — 250 Wilson Rd, Sanford, NC 27332
- industrial records management - sanford / central north carolina — 3122 Industrial Dr, Sanford, NC 27332
- Diversified — 3105 Hal Siler Dr, Sanford, NC 27332
- Wilson Road Self Storage — 125 Wilson Rd, Sanford, NC 27332
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Lee
- State
- North Carolina
- Longitude
- -79.1452002
- Latitude
- 35.4500629
Nearby Similar for Sale
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
