3120 Horner Blvd Sanford, NC 27332-8039
Property Lookup
Property profile & analytics
3120 Horner Blvd Sanford, NC 27332-8039
- Car washes
- 3,924 SF
- 1.23 lot acres
Property ID
US53-4722156
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Modwash / Car Wash
- Zips Car Wash / Car Wash
Property Details for 3120 Horner Blvd
- Year built
- 2019
- Lot size
- 1.23 lot acres
- Property size
- 3,924 SF
- Zone code
- C-2
- Property type
- Car washes
- APN
- 9661-08-1392-00
- APU
- 966108139200
Description
This exceptional investment opportunity presents a fee-simple ownership of a ModWash car wash in Sanford, North Carolina. The property, built in 2020, boasts 3,842 square feet on a 2.62-acre lot and enjoys a prime location on Horner Boulevard, a dense retail corridor with high visibility and traffic counts averaging 26,500 vehicles daily. The property benefits from its proximity to major roadways, including State Highway 87 (28,000 VPD) and US Highway 421 (13,500 VPD), and is strategically situated near significant shopping centers such as the Shops at Cameron Place, Southside Plaza, and Shoppes at Sanford, featuring prominent retailers like Lowe's, Aldi, and Walmart. This translates to a strong customer base and significant crossover store exposure. The current lease, an Absolute NNN, runs for 20 years, commencing November 18, 2020, and includes six 5-year renewal options. The lease guarantees 100% occupancy with a current NOI of $308,311 and a 6.50% cap rate. Annual rent bumps of 1.25% are scheduled after year four, providing inflation protection and consistent income growth. The lease is corporate guaranteed, minimizing landlord responsibilities and offering a management-free investment opportunity. The asking price is $4,743,250, representing a price per square foot of $1,234.58. The property's qualification for bonus depreciation further enhances its investment appeal. This is a truly exceptional, passive income-generating asset in a high-growth area.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Lee
- State
- North Carolina
- Longitude
- -79.1336
- Latitude
- 35.449
- CBSA code
- 41820
- CBSA name
- SANFORD, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$0.00
$434,000
$681,300
$1,115,300
-
$434,000
$681,300
$1,115,300
