115 Marketplace Dr - Retail FOR SALE


Sanford, NC 27332
$1,125,000 USD
980-498-3293
115 Marketplace Dr, Sanford, NC for Sale
$1,125,000 USD
Retail - FOR SALE
1/5
null | 4% Cap Rate

115 Marketplace Dr
Sanford, NC 27332


HIGHLIGHTS

  • NEW 15-YEAR ABSOLUTE NNN GROUND LEASE
  • INVESTMENT-GRADE CORPORATE TENANT
  • LOCATED IN THE RALEIGH-DURHAM MSA

OVERVIEW

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE - Brand-new 2026 construction secured by a 15-year absolute NNN ground lease with zero landlord responsibilities, providing investors with long-term passive income and minimal management. INVESTMENT-GRADE CORPORATE TENANT - Leased to AutoZone, Inc. (NYSE: AZO), one of the nation's leading automotive parts retailers with more than 7,000 locations and investment-grade credit ratings (BBB S&P) LOCATED IN THE RALEIGH-DURHAM MSA - Sanford is situated within the greater Raleigh-Durham MSA, ranked among the top metros in the U.S. for population growth, job creation, and economic expansion, driving sustained consumer demand throughout Lee County DOMINANT MARKET POSITION WITH HIGH BARRIERS TO ENTRY - AutoZone commands the largest share of the U.S. automotive parts retail market, supported by a sophisticated supply chain, proprietary inventory systems, and deep brand loyalty PAD-READY LOCATION ON JEFFERSON DAVIS HWY (US-1) - Positioned along Jefferson Davis Hwy (US-1), a primary commercial artery through Sanford with strong daily traffic counts and excellent visibility to passing motorists RECESSION-RESISTANT RETAIL SEGMENT - Auto parts retailers historically perform well during economic downturns as consumers defer vehicle replacement and invest in maintenance and repair, creating consistent demand for automotive parts and services

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

9631-53-2935-00

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.