2515 South Horner Boulevard

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2515 South Horner Boulevard

Sanford, NC 27332
Asking Price
$2.39M
Cap Rate
6.09%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

6.09% CAP | $145,324 NOI | Franchisee Operated | Growing Research Triangle Market <ul><li>​±7 Years Remaining on NNN Lease | Expires February 2033</li><li>​3% Rental Increases Every 3 Years</li><li>​Three (3) Five-Year Renewal Options (Up to 15 Additional Years)</li><li>​Tenant Responsible for Roof, Parking Lot, and HVAC Maintenance</li><li>​South Horner Blvd at ±22,731 VPD | US-421 at ±28,767 VPD</li><li>​Central Carolina Community College (~5,900 Students) | Lee County High School (1,469 Students)</li><li>​Caterpillar, Pfizer, Moen, Coty, and Tyson Among Area's Largest Empl

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NOI
$80,000
Cap Rate
3.35%
DSCR
0.56
Underwater
Cash-on-Cash
-8.61%
Monthly Payment
$11,800.569
Annual Cash Flow
$-61,606.831

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