Property Highlights
- Huge Sales at This Location
- 2021 reported sales were over $3M
- Recent Lease Extension and 30 Year Operating History
- Operating history dating back to 1991
- Two (2) five (5) year option extensions with 10% rent bumps provides future upside for the next owner
- This location ranks in the top 22% of Advance Autozone’s Nationwide (placer.ai)
- Over 800 Acres of Residential Development lies within a 4-mile Drive of the Property
- Ashby Village – 250 single-family homes, 200 townhomes and 350 apartments once completed
- Laurel Oaks – 625 single-family homes | Adams Village – 250 single-family homes and 231 townhomes
- 1.0 Miles from McKee Homes at 78 North – 500 single-family homes
- Continued Job Growth
- Pfizer announced they will be spending $265 million to expand their existing Sanford facility, adding 500 jobs
- Chemours, a chemical manufacturer, will be investing $500 million to create a new facility, adding 30 new jobs
- Audentes Therapeutics, an Astellas company based in San Francisco, will be investing $109.4M in Sanford over a five-year period
- Bharat Forge, an automobile parts supplier, will open a new facility in Sanford, investing $170.9M and creating 460 new jobs
- Influx of Popular National & Regional Tenants
- Within the past two years, several well-known tenants have opened in the surrounding area
- Tenants including Ollie’s Bargain Outlet, Planet Fitness, Hwy 55, Jersey Mike’s and Sports Clips have recently moved to Sanford, NC
- Located Within a Dense Retail Corridor
- Over 2.74M sf of retail space within a 3-mile radius
- Popular tenants include Walmart, Lowes, Food Lion, Aldi, Chick-Fil-A, Starbucks, Hardee’s & many others
- Growing Demographics and Pro-Business Environment
- 12.80% 1-mile population growth since 2010
- 7.67% 1-mile population growth projected over the next five years
- From 2014-2016, Sanford experienced a $210 million expansion of the city’s tax base, 37% increase in residential permits, 560% increase in commercial business permits
- Outparcel to Kendale Plaza Shopping Center
- Strong historical tenancy – Family Dollar, Sears, Rent-A-Center, and Aaron’s have been at this location since 2005
- The Family Dollar has been at this center since 1968 and ranks in the top 9% of all family dollars in NC