916 E Innes St - Retail FOR SALE


Salisbury, NC 28144
$3,950,000 USD
904-535-4927
916 E Innes St, Salisbury, NC for Sale
$3,950,000 USD
Retail - FOR SALE
1/9
null | 6.14% Cap Rate

916 E Innes St
Salisbury, NC 28144


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Investment Grade Anchors
  • Experienced Operators
  • Strategic Retail Location
  • Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in Towne Creek Commons located at 916 E Innes Street in Salisbury, North Carolina (the “Property”). The four-tenant plaza 100% leased to Starbucks, Nothing Bundt Cakes, Jersey Mike’s and Novant Health – Go Health Urgent Care and contains 7,821 square feet on a 1.54-acre parcel. Each of the leases calls for the tenants to reimburse their pro-rata share of real estate taxes, insurance and operating expenses and provide attractive rent increases in either the primary lease terms or renewal options. Towne Creek Commons occupies a prime location in the heart of Salisbury’s commercial corridor, positioned at a signalized intersection along Arlington Street and E. Innes Street, one of the area’s primary retail and commuter routes. The Property offers excellent visibility and strong frontage, enhancing its presence within this established trade area. Located adjacent to Chick-fil-A and surrounded by a mix of national and local retailers and restaurants, the center benefits from consistent consumer traffic. The Property is also conveniently located near residential neighborhoods and area schools, providing a reliable built-in customer base. In addition, Towne Creek Commons offers efficient regional connectivity with quick access to U.S. Routes 52, 29, and 601, as well as Interstate 85, supporting ease of travel throughout Salisbury and the broader region.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$504 USD /SF

CAP RATE

6.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Towne Creek Commons

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

B7

APN/PARCEL ID

059-128

ASK ABOUT THIS PROPERTY

Riley HarderHorvath & TremblayMore Info
904-535-4927

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Riley HarderHorvath & TremblayMore Info
904-535-4927

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