640 Jake Alexander Blvd W - Freestanding FOR SALE


Salisbury, NC 28147
$6,519,000 USD
470-344-2586
640 Jake Alexander Blvd W, Salisbury, NC for Sale
$6,519,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

640 Jake Alexander Blvd W
Salisbury, NC 28147


HIGHLIGHTS

  • 11 Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | $4M Renovation in 2021
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Consumer Base | 600+ Apartment Units Within 2-miles
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, corporate guaranteed ImmunoTek Bio Centers investment property located in Salisbury, North Carolina. The tenant, ImmunoTek Bio Centers, LLC, has 11 years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases in year 11 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. ImmunoTek Bio Centers is the largest independent plasma collection center operators with 80+ locations, serving a vital role in the supply chain for blood plasma collection.

FOR SALE DETAILS

PRICE

$6,519,000 USD

PRICE/SF

$598 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ImmunoTek Plasma | NNN Lsed | 11 yr Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

HB:HIGHWAY

APN/PARCEL ID

061-A190

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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