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1951-1953 Jake Alexander Blvd
Salisbury, NC 28147

$725,000

Storefront Retail Office For Sale  •  7,008 Sq Ft

Property Details

  • Property Type Storefront Retail Office
  • Total Building Size 7,008 Sq Ft
  • Lot Size 0.7 ac
  • Building Class C
  • Year Built 1985
  • Cap Rate 8.09 %
  • Tenancy Multiple
0 Transit Score
49 Walk Score

Description

Retail strip center for sale.  Prime investment opportunity!  Retail center consisting of 2 freestanding buildings (5000 sq ft and 2000 sq ft). 
Very stable and easy to manage with long term local tenants. 
Ideally located next to busy intersecting of Highway 70 (Statesville Blvd.) and Jake Alexander Blvd., in front of Salisbury Mall mall, with great exposure on Jake Alexander Blvd.  National tenant Subway.  McDonald's is next door.

Highlights

2 freestanding buildings (5000 sq ft and 2000 sq ft)
Very stable and easy to manage with long term tenants
Updated roof with 10 year warranty. Parking lot is newly seal coated.
Directly in front of the Salisbury Mall. Major intersection of Jake Alexander Blvd. and Statesville Blvd.
Value Added Shopping Center
Fully Occupied

Property Flyers

Financial Summary (Actual)

Net Operating Income: $58,661 (2018)
Cap Rate: 8.09 %
Total Expenses: $18,739

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 24
Type: Surface
Included in Rent: Yes
Volkmar Dirksen 954-561-9900 DWV Investments
Volkmar Dirksen 954-561-9900 DWV Investments