Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.