1309 Horner Blvd Sanford, NC 27330
- Retail properties
- 10,566 SF
- 1.33 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1309 Horner Blvd
- Year built
- 2024
- Lot size
- 1.33 lot acres
- Property size
- 10,566 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 10,566 square foot Dollar General store in Sanford, North Carolina. Located at 1309 S Horner Blvd, this Class A property sits on a 1.33-acre lot and boasts a 14.8-year remaining lease term (expiring 08/30/2039) with a strong corporate guarantee. The absolute NNN lease structure ensures zero landlord responsibilities, providing a passive income stream. The property features a 6.25% cap rate and a substantial NOI of $157,512. Rent commences September 14, 2024, with built-in 5% rent bumps every five years, providing significant long-term growth potential. The property benefits from its prime location on a busy thoroughfare with high vehicle traffic, and is surrounded by a robust retail and industrial environment, including major employers like Central Carolina Hospital and Lee County High School. This is a turnkey investment opportunity with a proven tenant and attractive financial metrics, ideal for investors seeking a low-maintenance, high-return asset. The building was constructed in 2024 and includes warranties. The lease includes five, five-year renewal options. This fee-simple ownership offers a secure and stable investment in a thriving market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Lee
- State
- North Carolina
- Longitude
- -79.1641
- Latitude
- 35.4686
