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AFC Urgent Care | 14+ Yrs Remaining w Options 2000 S Horner Blvd

4,000 SF 4-Star Retail Building Sanford, NC 27330 £2,566,436 (£642/SF) 6.25% Net Initial Yield

Investment Highlights

  • 14+ Years Remaining | New Construction | Options To Extend |Scheduled Rental Increases
  • Excellent Visibility & Access | Dense Retail Corridor | Signalized, Hard Corner Intersection (25,200 VPD)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area | Direct Consumer Base Proximity To Top Retail & Residential Markets

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, newly constructed, AFC Urgent Care investment property located in Sanford, North Carolina. The tenant has over 14 years remaining on its lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
£2,566,436
Price Per SF
£642
Net Initial Yield
6.25%
NOI
£160,402
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
0.76 AC
Zoning
GB
Parking
30 Spaces (7.5 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Signage
  • Air Conditioning

Nearby Major Retailers

PNC Bank
Cook Out
Food Lion
Piggly Wiggly
First Citizens Bank
Planet Fitness
Waffle House
The YMCA
Truist
Smithfield's Chciken 'N Bar-B-Q

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9652-53-2603-00
Land Assessment
£272,214
Improvements Assessment
£278,317
Total Assessment
£550,532
  • Listing ID: 33536233

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 2000 S Horner Blvd, Sanford, NC 27330

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