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
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