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335 N Salisbury Ave 8,655 SF Retail Building Spencer, NC 28159 $1,204,962 CAD ($139.22 CAD/SF) 6.21% Cap Rate
Investment Highlights
- New 7.5 Ton HVAC Units installed in 2024
- Replaced All Floor Covering (8000sf) in 2025
- Double Net Lease
- Doubled Cooler Space in 2025
- Remodeled All Shelving in 2025
- Right off I-85 just north of Salisbury, NC
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,655 SF
Building Class
C
Year Built
2002
Price
$1,204,962 CAD
Price Per SF
$139.22 CAD
Cap Rate
6.21%
NOI
$74,790 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.83 AC
Zoning
C - Commercial
Parking
50 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
141’ on N Salisbury Ave
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 035-198 | Total Assessment | $897,272 CAD |
| Land Assessment | $268,389 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $628,883 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
035-198
Land Assessment
$268,389 CAD
Improvements Assessment
$628,883 CAD
Total Assessment
$897,272 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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335 N Salisbury Ave
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