1321-1329 E Innes St - Freestanding FOR SALE


Salisbury, NC 28146
$1,896,552 USD
858-373-3184
1321-1329 E Innes St, Salisbury, NC for Sale
$1,896,552 USD
Freestanding - FOR SALE
1/6
null | 7.25% Cap Rate

1321-1329 E Innes St
Salisbury, NC 28146


HIGHLIGHTS

  • Corporate Backed Lease Featuring 10% Rental Increases at Each Option. Built-to-Suit Mattress Firm with Roof Warranty in Place up until 2030.
  • Features Easy Access and Excellent Visibility at the Hard Corner to Daily Traffic Counts in Excess of 41k Vehicles.
  • Direct Access off the I-85 (68k+ VPD) - Excellent Signage and a 4-way Signalized Intersection Enhances this Exposure.
  • With over 2,319 Stores across 49 States, Mattress Firm is the Nation’s Largest Multi-brand Mattress Retailer.
  • Tempur Sealy is currently under Agreement to Potentially Acquire Mattress Firm for $4 Billion.
  • W/in Innes Street Market - a 349k+ Sq.Ft. Shopping Center Anchored by Lowe’s and Food Lion with a strong Lineup of other National Retailers.

OVERVIEW

Pad to Lowe’s and Food Lion Anchored Retail Center | In the Heart of Salibury’s Retail Hub | Immediate Access to/from Interstate-85 | Near Community College, Hefner VA Medical Center and Airport North Carolina Broker of Record: Donald Gilchrist | 200 CentrePort Dr., Suite 160 Greensboro, NC 27409 | Lic. 241055 | P: (336) 450-4600 Donald.Gilchrist@MarcusMillichap.com

FOR SALE DETAILS

PRICE

$1,896,552 USD

PRICE/SF

$237 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MATTRESS FIRM | PAD TO LOWE'S RETAIL CENTER

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

C

APN/PARCEL ID

059-064

ASK ABOUT THIS PROPERTY

Alvin MansourThe Mansour Group of Marcus & MillichapMore Info
858-373-3184

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Alvin MansourThe Mansour Group of Marcus & MillichapMore Info
858-373-3184

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