Property profile

1309 Horner Blvd Sanford, NC 27330

OFF-MARKET
Retail properties & Spaces
10,566 SF 1.33 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,566 SF
Lot 1.33 ac (57,935 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1309 Horner Blvd Sanford, NC 27330
Sanford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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