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Parachute Plasma | NNN Lsed | 9 yr Remaining 640 Jake Alexander Blvd W 10,908 SF Retail Building Salisbury, NC 28147 $7,782,595 CAD ($713.48 CAD/SF) 8% Cap Rate
Investment Highlights
- 11 Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | $4M Renovation in 2021
- Heavily Trafficked Intersection (42,500 VPD) | Retail Corridor |Direct Consumer Base | 600+ Apartment Units Within 2-miles
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, Parachute Plasma investment property located in Salisbury, North Carolina. The tenant, Parachute Plasma, has over 9 years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases in year 11 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Parachute Plasma is an independent plasma collection company with 30+ locations, serving a vital role in the supply chain for plasma donation and therapies.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,908 SF
Building Class
B
Year Built/Renovated
1997/2021
Price
$7,782,595 CAD
Price Per SF
$713.48 CAD
Cap Rate
8%
NOI
$622,586 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.75 AC
Zoning
HB:HIGHWAY - Highway Commercial
Parking
70 Spaces (6.42 Spaces per 1,000 SF Leased)
Frontage
120’ on Jake Alexander Blvd W
Amenities
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 061-A190 | Improvements Assessment | $1,371,294 CAD |
| Land Assessment | $1,796,537 CAD | Total Assessment | $3,167,830 CAD |
Property Taxes
Parcel Number
061-A190
Land Assessment
$1,796,537 CAD
Improvements Assessment
$1,371,294 CAD
Total Assessment
$3,167,830 CAD
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Parachute Plasma | NNN Lsed | 9 yr Remaining | 640 Jake Alexander Blvd W
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