710 Long Meadow Dr - Warehouse FOR SALE


Salisbury, NC 28147
$2,175,000 USD
918-494-2690
710 Long Meadow Dr, Salisbury, NC for Sale
$2,175,000 USD
Warehouse - FOR SALE
1/3
null | 6.5% Cap Rate

710 Long Meadow Dr
Salisbury, NC 28147


HIGHLIGHTS

  • Industry Leading Operator
  • Strong Parent Company
  • Recent Lease Extension | Mission Critical Location
  • Strategic Location within Charlotte MSA with Strong Demographics
  • Long-Term Net Lease with Annual Rent Increases
  • IOS Functionality within Charlotte MSA

OVERVIEW

Northmarq is pleased to offer qualified investors the opportunity to acquire an Industrial Outdoor Storage (IOS) property in Salisbury, NC, within the Charlotte MSA. The Property is leased to Traffic Control Devices, a leading provider of traffic management solutions. TCD is a subsidiary of Asplundh Tree Expert, a company with S&P BB+ credit and $5.7 billion in annual revenue for 2024. The property is backed by a long-term net lease with 3% annual rent escalations. Strategically located within the Charlotte MSA, it offers excellent access to major highways and interstates such as U.S. Highway 29 and Interstate 85. In Association with: Nolan Dunn, NC Lic #335693

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Traffic Control Devices

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.28

LAND SF

99,203

ZONING

LI

APN/PARCEL ID

471-A081

ASK ABOUT THIS PROPERTY

Brad PepinNorthmarqMore Info
918-494-2690

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Brad PepinNorthmarqMore Info
918-494-2690

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