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MATTRESS FIRM | PAD TO LOWE'S RETAIL CENTER 1321-1329 E Innes St

5,000 SF 4-Star Retail Building Salisbury, NC 28146 £1,496,379 (£299/SF) 7.25% Net Initial Yield

Investment Highlights

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

Executive Summary

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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
£1,496,379
Price Per SF
£299
Net Initial Yield
7.25%
NOI
£108,488
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
0.64 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial
Parking
10 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
108 ft on Innes St

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Mattress Firm
  • Retailer
  • 5,000 SF
  • -
  • Double Net
  • Mar 2031
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Mattress Firm Retailer 5,000 SF - Double Net Mar 2031

Links

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Nearby Major Retailers

Applebee's
Food Lion
East Coast Wings & Grill
Cracker Barrel Old Country Store
First Horizon Bank
Buffalo Wild Wings
Woodforest National Bank
Anytime Fitness
The Bistro
Outback Steakhouse

PROPERTY TAXES

Parcel Number 059-064 Improvements Assessment £387,302
Land Assessment £248,286 Total Assessment £635,588

PROPERTY TAXES

Parcel Number
059-064
Land Assessment
£248,286
Improvements Assessment
£387,302
Total Assessment
£635,588
(858) 373-3184

  • Listing ID: 33129267

  • Date on Market: 10/09/2024

  • Last Updated:

  • Address: 1321-1329 E Innes St, Salisbury, NC 28146

The Retail Property at 1321-1329 E Innes St, Salisbury, NC 28146 is currently available For Sale. Contact The Mansour Group of Marcus & Millichap for more information.

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© 2024 CoStar Group

MATTRESS FIRM | PAD TO LOWE'S RETAIL CENTER | 1321-1329 E Innes St
(858) 373-3184 x

MATTRESS FIRM | PAD TO LOWE'S RETAIL CENTER | 1321-1329 E Innes St

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Alvin Mansour

(858) 373-3184

(858) 373-3184

Christopher Talia

(858) 373-3235

(858) 373-3235

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