320 W Jake Alexander Blvd - Medical FOR SALE


Salisbury, NC 28147
$3,734,620 USD
704-904-5546
320 W Jake Alexander Blvd, Salisbury, NC for Sale
$3,734,620 USD
Medical - FOR SALE
1/6
null | 7% Cap Rate

320 W Jake Alexander Blvd
Salisbury, NC 28147


HIGHLIGHTS

  • 41 miles from Charlotte in Rowan County’s prime corridor, Jake Alexander Blvd.
  • National Tenants — Institutional-Grade credit profile
  • Dense Medical Ecosystem — Built-in referral network
  • Built-in rent growth with contractual escalations

OVERVIEW

Salisbury sits at the heart of the I-85 Charlotte–Greensboro corridor with nearly 4 million residents within 60 miles. W. Jake Alexander Blvd carries 36,500 vehicles daily, connecting the property to the region’s primary commercial spine. Commonwealth Pain & Spine (39+ locations, expanding to be the national leader in chronic pain by 2030) and Select Physical Therapy (1,900+ centers, NYSE: SEM parent) provide the credit quality institutional investors demand. The property sits within a thriving medical hub alongside Novant Health Piedmont Neurosurgery & Spine and Atrium Health Urgent Care. Complementary specialties generate natural patient referral flow between tenants and nearby providers. Commonwealth escalations of 2.4% annually through the base term and 2.5% through options, plus Select PT’s 2.0% annual increases, compound NOI growth throughout the hold period with no negotiation required.

FOR SALE DETAILS

PRICE

$3,734,620 USD

PRICE/SF

$328 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

Salisbury City

APN/PARCEL ID

061-217

ASK ABOUT THIS PROPERTY

Mark NewellMPV PropertiesMore Info
704-904-5546

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Mark NewellMPV PropertiesMore Info
704-904-5546

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