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Take 5 3209 NC 87 S 1,075 SF 4-Star Retail Building Sanford, NC 27332 $3,683,091 CAD ($3,426.13 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Brand new 2024 build to suit construction
  • Rent commencement date shall be the close of escrow
  • The subject property qualifies for bonus depreciation (discuss with a tax professional)
  • 15-Year absolute NNN lease with zero landlord responsibilities
  • 10% rent increases every 5 years beginning in year 6 and continuing through all option periods
  • Full term guarantee from an established franchise (±45 location by year end)

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
1,075 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$3,683,091 CAD
Price Per SF
$3,426.13 CAD
Cap Rate
6.25%
NOI
$230,193 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
3.91 AC
Zoning
C-2 - Commercial

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

In 1973, the first modern Lidl location opened in Ludwigshafen, Germany. With only three employees and around 500 products, this tiny store was the humble beginning of their global expansion. Lidl started opening stores outside of Germany in the 1990s, and within a few years, they were all over Europe! Now Lidl operates in dozens of countries and employ hundreds of thousands people globally. No matter their size, the Lidl mission has always remained the same: offer customers high-quality produce, meat, baked goods, household products and more at unbelievably low prices. Because good groceries should be accessible to everyone.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

NEARBY MAJOR RETAILERS

Zaxby's
Cracker Barrel Old Country Store
Ruby Tuesday
Buffalo Wild Wings
Woodforest National Bank
Hwy 55 Burgers Shakes & Fries
Toyota
Truist
First Horizon Bank
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 04300-26-006.000
  • 9661-17-5821-00
Land Assessment
$2,507,766 CAD
Improvements Assessment
$2,757,225 CAD
Total Assessment
$5,269,990 CAD
  • Listing ID: 38475999

  • Date on Market: 2025-11-17

  • Last Updated:

  • Address: 3209 NC 87 S, Sanford, NC 27332

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