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554 Bragg St 8,096 SF 100% Leased Retail Building Sanford, NC 27330 $675,000 ($83.37/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 8,096 total sq ft
- Great potential for increased future rents
- 6% cap rate
EXECUTIVE SUMMARY
Excellent opportunity for an investor or owner-occupant in rapidly growing Sanford. There are 5 Tenants at this location and 3 buildings:
404 Bragg St is a 864 sq ft single family rental home that rents for: $625/month.
408 Bragg St is a 2,786 sq ft church home that rents for: $1,200/month.
The Oakwood building is a 4,446 sq ft building with three Tenants:
505 Oakwood is a grocery store that rents for: $975/month.
554 Oakwood is a church that rents for: $975/month.
554 Oakwood is a beauty shop that rents for: $550/month.
The leases expire in Feb and Mar of 2026. Each is a long term Tenant.
NOI is: $40,278.
404 Bragg St is a 864 sq ft single family rental home that rents for: $625/month.
408 Bragg St is a 2,786 sq ft church home that rents for: $1,200/month.
The Oakwood building is a 4,446 sq ft building with three Tenants:
505 Oakwood is a grocery store that rents for: $975/month.
554 Oakwood is a church that rents for: $975/month.
554 Oakwood is a beauty shop that rents for: $550/month.
The leases expire in Feb and Mar of 2026. Each is a long term Tenant.
NOI is: $40,278.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
8,096 SF
Building Class
C
Year Built
1925
Price
$675,000
Price Per SF
$83.37
Cap Rate
6%
NOI
$40,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
C-2 - Large building is zoned C-2. There are 2 additional lots included in the sale. .0679 acre lot is zoned C-2 and .1401 acre lot is zoned OI.
AMENITIES
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9653-10-7199-00 | Total Assessment | $221,800 (2025) |
| Land Assessment | $26,700 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $195,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
9653-10-7199-00
Land Assessment
$26,700 (2025)
Improvements Assessment
$195,100 (2025)
Total Assessment
$221,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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554 Bragg St
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