ModWash Sanford, NC 27332

3120 S Horner Blvd
Sanford, NC 27332

Price: $4,991,888
Cap Rate: 6.10%
NOI: $304,505
Building Size: Approx. 3,842 Sq. Ft.
Lot Size: Approx. 2.62 Acres
Type: Single-Tenant / Retail
Sub Category: Car Wash
Year Built: 2020

Investment Overview

  • 2020 Construction. 3,842+/- SF Building on 2.62+/- Acre Site
  • New 20-Yr. Absolute NNN Corporate Lease w/ 1.5% Rent Bumps After Year 4 and (6), Five-Year Options
  • Signature Property Located Off South Horner Blvd (29,955 VPD) and Near Signalized Intersection of US-421 & Wilson Rd (32,350 VPD)
  • Dense Retail Corridor With Several Anchor Tenants: Walmart, Hobby Lobby, Lidl, Lowe’s, Tractor Supply, Marshall’s Chick-fil-a, & More
  • Two Large Developments Adjacent to Property, Featuring 1,281 Residential Lots, a Multi-Sports Complex, & 30+ Acres of Mixed-Use
  • ModWash is One of the Fastest Growing Tunnel Car Wash Brands – 70 Locations & 40 New Stores Coming
  • Sanford  |  40 Minutes from Raleigh  |  Population: 31,494