Salisbury Shopping Center

Price: $6,198,182
Sq. Ft.: 29,722
Cap Rate: 8.25%
Built: 2007

Marcus & Millichap is pleased to present the opportunity to acquire a 29,722-square-foot, multi-tenant retail center located in Salisbury, North Carolina. Salisbury Shopping Center is currently 100 percent leased, and all leases are triple-net. Anchored by a top-ranking CATO, tenants consist of Papa Johns, It’s Fashion, DentalWorks, El Patron Mexican Grill & Cantina, Metro by T-Mobile, City Nails & Spa, Cricket Wireless, and Tobacco & Vape Store. Constructed in 2007, the center includes two multi-tenant buildings situated on a 3.34-acre parcel with ample paved parking.

Shadow-anchored by Walmart Supercenter, the subject property is located in a prime retail trade area in the western quadrant of Interstate 85 and East Innes Street (Highway 52). Traffic counts are approximately 79,841 vehicles per day on Interstate 85, and 28,735 vehicles per day on Innes Street. Salisbury Shopping Center is positioned near numerous national and regional retailers including Office Depot, Big Lots, Ashley Furniture, Harbor Freight, McDonald’s, Panera Bread, Chick-Fil-A, Starbucks, Dunkin, Outback Steakhouse, Firestone Complete Auto Care, FedEx, Enterprise Rent-A-Car, Lowe’s Home Improvement, Walgreens, Buffalo Wild Wings, Chipotle, Food Lion, Cinemark Tinseltown, Marshalls, Staples, Old Navy, Dollar Tree, and many more. Several national hotel chains are in close proximity, including Courtyard by Marriott, Holiday Inn, Super 8, and Comfort Suites, providing additional traffic to the area.

  • 29,722-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • Property is Comprised of Two Multi-Tenant Buildings Situated on a 3.34-Acre Parcel
  • 100% Leased | All Leases Are Triple-Net
  • Anchored by CATO | Publicly Traded Company (NYSE: CATO) | This Location Ranks in the 86th Percentile for the State of North Carolina and 85th Nationwide Compared to Other CATO Locations Based on Consumer Traffic (source: Placer Labs Inc.)
  • Strong Tenant Mix | 53% of the Gross Leasable Area is Leased to National or Regional Retailers
  • Prime location in the Western Quadrant of Interstate 85 and Innes Street (Highway 52)
  • Adjacent Pad Sites Include Cracker Barrel and a Murphy Express Gas Station
  • Traffic Counts Are Approximately 79,841 Vehicles Per Day on Interstate 85, and 28,735 Vehicles Per Day on Innes Street
  • Surrounded By Dense Retail Including Office Depot, Big Lots, Ashley Furniture, Harbor Freight, Lowe’s Home Improvement, Marshalls, Old Navy, and Many More
  • Near Several National Hotel Chains, Providing Additional Traffic to the Area
  • Salisbury is the County Seat of Rowan County | Located In Between Charlotte and Greensboro on Interstate 85