3209 NC-87

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3209 NC-87

sanford, NC 27332
Asking Price
$2.66M
Asset Type
Retail
Class
Class B

What's Special

3209 NC-87 is situated in the southern portion of Sanford, North Carolina, along a primary north-south traffic artery. The surrounding neighborhood features a mix of established residential subdivisions, light industrial facilities, and local service providers. The property benefits from high visibility and direct access to Highway 87, which serves as a key connector to downtown Sanford and the nearby US-1 interchange. Local amenities include regional schools, community parks, and various convenience-based businesses, supporting a steady flow of local and commuter traffic through the immediate corridor. This retail asset is suited for businesses targeting the growing residential population in Lee County. The location supports diverse use cases such as convenience retail, automotive services, specialty boutiques, or professional service offices. Ideal tenants would include neighborhood-scale retailers, quick-service food operators, or medical practitioners seeking a high-exposure location with convenient ingress and egress. The flexible layout accommodates enterprises that benefit from the combination of suburban residential proximity and significant daily vehicle counts along the state highway.

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NOI
$80,000
Cap Rate
3.00%
DSCR
0.51
Underwater
Cash-on-Cash
-9.78%
Monthly Payment
$13,180.414
Annual Cash Flow
$-78,164.971

Location & Travel Times