For Sale
$2,520,000

1309 Horner BlvdSanford, NC 27330

High-Yield Net Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
123
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.

Highlights

  • Strong corporate guarantee from Dollar General.
  • Dollar General, ranked #111 on the 2024 Fortune 500 list, operates over 19,000 locations.
  • 75% of Americans live within 5 minutes of a Dollar General.
  • Located in a strong retail node with over 459,000 square feet of retail and 743,000 square feet of industrial space within a one-mile radius.
  • Proximity to major employers including Central Carolina Hospital and Lee County High School.
  • New construction (2024) on a 1.33-acre lot, built to Dollar General specifications with warranties.

Property Details for 1309 Horner Blvd

Property type
Retail properties, Retail space
Square Feet
10,566 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Sanford
County
Lee
State
North Carolina
Latitude
35.46864118
Longitude
-79.1641171
1309 Horner Blvd, Sanford, North Carolina

FAQs

What type of property is this?
Retail property - High-Yield Net Lease Investment
Where is the retail property located?
The property is located at 1309 Horner Blvd Sanford, NC.
What is the asking price?
The asking price for this property is $2,520,000.
What are key features of this property?
This property features: Strong corporate guarantee from Dollar General.; Dollar General, ranked #111 on the 2024 Fortune 500 list, operates over 19,000 locations.; 75% of Americans live within 5 minutes of a Dollar General.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1309 Horner Blvd
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