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Take 5 3209 NC 87 S 1,075 SF 4-Star Retail Building Sanford, NC 27332 $2,664,080 ($2,478.21/SF) 6.25% Cap Rate
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
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
2018
Price
$2,664,080
Price Per SF
$2,478.21
Cap Rate
6.25%
NOI
$166,505
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
3.91 AC
Zoning
C-2 - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,966,300 | |
| Land Assessment | $1,788,400 | Total Assessment | $3,758,265 |
Property Taxes
Parcel Numbers
Land Assessment
$1,788,400
Improvements Assessment
$1,966,300
Total Assessment
$3,758,265
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Take 5 | 3209 NC 87 S
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