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Valvoline Ground Lease 234 Faith Rd

2,500 SF Retail Building Salisbury, NC 28146 £1,027,013 (£411/SF) 5% Net Initial Yield

Investment Highlights

  • 2024 brand new construction | Fresh 15-year term
  • Absolute Net Ground Lease | No landlord responsibilities
  • Close proximity to Lowe’s anchored shopping center & Innes Street Market shopping mall | 347,033 SF of retail space
  • Strategically located on a signalized corner intersection | Faith Rd & Market Station Dr
  • Experienced operator | QAS II, LLC | 181+ locations across 13 states
  • Located inside of Salisbury’s main retail corridor | 2.9M SF within a 2-mile radius

Executive Summary

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Valvoline Ground Lease in Salisbury, NC. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,500 SF
Year Built
2024
Price
£1,027,013
Price Per SF
£411
Net Initial Yield
5%
NOI
£51,351
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
0.44 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.
Parking
8 Spaces (3.2 Spaces per 1,000 SF Leased)

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Nearby Major Retailers

ALDI
Truist
Anytime Fitness
Food Lion
Buffalo Wild Wings
Applebee's
East Coast Wings & Grill
First Horizon Bank
Cracker Barrel Old Country Store
Woodforest National Bank
(704) 379-1985

  • Listing ID: 33509204

  • Date on Market: 14/10/2024

  • Last Updated:

  • Address: 234 Faith Rd, Salisbury, NC 28146

The Retail Property at 234 Faith Rd, Salisbury, NC 28146 is currently available For Sale. Contact Berkeley Capital Advisors for more information.

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© 2024 CoStar Group

Valvoline Ground Lease | 234 Faith Rd
(704) 379-1985 x

Valvoline Ground Lease | 234 Faith Rd

1/3

Ransome Foose

(704) 379-1985

(704) 379-1985

Carl Brendes

(704) 714-2363

(704) 714-2363

Jake Zapata

(704) 943-3160

(704) 943-3160

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