Dollar General | 1309 Horner blvd
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Dollar General 1309 Horner blvd
10,566 SF Retail Building Sanford, NC 27330 $2,520,000 ($239/SF) 6.25% Cap Rate
Investment Highlights
- NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
- LOCATED IN A STRONG RETAIL NODE
- A TOP PERFORMING MARKET NATIONALLY
Executive Summary
STRONG CORPORATE GUARANTY
- Dollar General was ranked #111 on the Fortune 500 2024 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
LARGE EMPLOYERS NEARBY
- 1.4 Miles from Central Carolina Hospital (140 Beds 525 Employees)
- 1.2 Miles from Lee County High School (1500 Students 175 Employees)
- 4 Miles from JR Ingram Jr Elementary School (400 Students)
NEW CONSTRUCTION ON LARGE PARCEL
- Built to suit Dollar General’s specs Warranties are in place
NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
- Absolute NNN lease provides landlord zero responsibilities
- 5% rental increases during option periods
LOCATED IN A STRONG RETAIL NODE
- Over 459k sqft of retail space in a one mile radius from the subject site
- Over 743k sqft of industrial space within a one mile radius of the subject site
A TOP PERFORMING MARKET NATIONALLY
- Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
- Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
- Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
- Dollar General was ranked #111 on the Fortune 500 2024 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
LARGE EMPLOYERS NEARBY
- 1.4 Miles from Central Carolina Hospital (140 Beds 525 Employees)
- 1.2 Miles from Lee County High School (1500 Students 175 Employees)
- 4 Miles from JR Ingram Jr Elementary School (400 Students)
NEW CONSTRUCTION ON LARGE PARCEL
- Built to suit Dollar General’s specs Warranties are in place
NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
- Absolute NNN lease provides landlord zero responsibilities
- 5% rental increases during option periods
LOCATED IN A STRONG RETAIL NODE
- Over 459k sqft of retail space in a one mile radius from the subject site
- Over 743k sqft of industrial space within a one mile radius of the subject site
A TOP PERFORMING MARKET NATIONALLY
- Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
- Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
- Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Year Built
2024
Price
$2,520,000
Price Per SF
$239
Cap Rate
6.25%
NOI
$157,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
5.28 AC
Zoning
C2
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 9643-06-4994-00 | Improvements Assessment | $53,200 |
| Land Assessment | $112,200 | Total Assessment | $165,400 |
PROPERTY TAXES
Parcel Number
9643-06-4994-00
Land Assessment
$112,200
Improvements Assessment
$53,200
Total Assessment
$165,400
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Dollar General | 1309 Horner blvd
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