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Dollar General 1309 Horner blvd 10,566 SF Retail Building Sanford, NC 27330 $3,429,983 CAD ($324.62 CAD/SF) 6.35% 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
Building Class
B
Year Built
2024
Price
$3,429,983 CAD
Price Per SF
$324.62 CAD
Cap Rate
6.35%
NOI
$217,744 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.33 AC
Zoning
C2
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Accommodation and Food Services
- 10,566 SF
- -
- Triple Net
- Sep 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Accommodation and Food Services | 10,566 SF | - | Triple Net | Sep 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9652-15-2659-00 | Improvements Assessment | $1,811,555 CAD |
| Land Assessment | $631,866 CAD | Total Assessment | $2,443,421 CAD |
PROPERTY TAXES
Parcel Number
9652-15-2659-00
Land Assessment
$631,866 CAD
Improvements Assessment
$1,811,555 CAD
Total Assessment
$2,443,421 CAD
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Dollar General | 1309 Horner blvd
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