1144 GREENWOOD RD Sanford NC 27332

NC Auctioneer Robert Gates NC 4823

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Introducing an exciting investment opportunity in Sanford, NC - the Dark Family Dollar at 1144 Greenwood Rd. This ±8,320 SF property presents a compelling value-add proposition with 2.75 years of lease term remaining, allowing for repositioning or repurposing options. Strategically priced for a lucrative entry point, this former Family Dollar offers flexibility for various uses such as discount retail, service retail, or office conversion. Situated in an established commercial corridor in a growing market within the Raleigh-Durham metro region, this property benefits from steady population and income growth. With a strong demographic base of over 30,000 residents, Sanford showcases ongoing residential and economic developments, ensuring promising future retail demand. Investors can capitalize on short-term rental income while planning for a successful long-term repositioning strategy. Don't miss out on this opportunity for a value-driven investment in an expanding market!

· Non-Contingent

· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price

· Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

· $10,000 Participation Deposit

· Close of Escrow – December 30, 2025

1144 Greenwood Rd, Sanford, NC 27332

NC Auctioneer Robert Gates NC 4823

• Value-Add Opportunity: ±8,000 SF former Family Dollar with 2.75 years of lease term remaining, offering investors the chance to reposition, re-lease, or repurpose the building.

• Attractive Basis: Pricing is based on a low price per square foot, providing a compelling entry point and significant upside upon re-tenanting.

• Flexible Use Potential: Free standing retail building with ample parking, adaptable for a variety of uses including discount retail, service retail, or medical/office conversion.

• Established Commercial Corridor: Located in Sanford, NC, a growing market within the Raleigh-Durham metro region, benefiting from steady population and income growth.

• Residual Cash Flow: Tenant remains responsible for rent payments for the remaining lease term, creating a short-term income stream while securing a long-term repositioning strategy.

• Strong Demographics: Sanford has a population base of over 30,000 with continued residential and economic development, supporting future retail demand.

• Regional Access: Located within the Raleigh-Durham CSA, Sanford benefits from regional connectivity to major metros, strong economic drivers, and in-migration from the Triangle region.

• Exit Flexibility: Ideal for investors seeking either a short-term income play with upside potential, or developers looking for a prime redevelopment opportunity in a growing market.

• Value-Add Opportunity: ±8,000 SF former Family Dollar with 2.75 years of lease term remaining, offering investors the chance to reposition, re-lease, or repurpose the building.

• Attractive Basis: Pricing is based on a low price per square foot, providing a compelling entry point and significant upside upon re-tenanting.

• Flexible Use Potential: Free standing retail building with ample parking, adaptable for a variety of uses including discount retail, service retail, or medical/office conversion.

• Established Commercial Corridor: Located in Sanford, NC, a growing market within the Raleigh-Durham metro region, benefiting from steady population and income growth.

• Residual Cash Flow: Tenant remains responsible for rent payments for the remaining lease term, creating a short-term income stream while securing a long-term repositioning strategy.

• Strong Demographics: Sanford has a population base of over 30,000 with continued residential and economic development, supporting future retail demand.

• Regional Access: Located within the Raleigh-Durham CSA, Sanford benefits from regional connectivity to major metros, strong economic drivers, and in-migration from the Triangle region.

• Exit Flexibility: Ideal for investors seeking either a short-term income play with upside potential, or developers looking for a prime redevelopment opportunity in a growing market.

• NN Lease Limited Landlord Responsibilities
• 10.5 Year Term | Six (5 Year) Options
• One Mile Household Income $45,832
• Ten Mile Population Exceeds 70,500
• Investment Grade Credit Rating "BBB-"
• Ideal Family Dollar Demographics
• Only Dollar Store in the City