2110 S Main St, Salisbury, NC 28147

Strategic Location – Positioned on one of Salisbury’s busiest intersections, where South Main St and Highway 601 intersect. The location offers excellent access to major transportation routes, approximately one mile from I-85. The site is located just north of Charlotte, NC, one of the country’s largest and most dynamic industrial submarkets.

Value Add Opportunity – Tenants are operating on short-term leases expiring at the end of 2026. Both leases have below-market rents with room to improve and increase the NOI, giving an owner the chance to either restructure the leases or redevelop the properties.

Strong Submarket Fundamentals – With a limited supply of similar buildings in the surrounding area, landlords have been able to push rental rates much higher than the historical norms. Rents are steadily increasing in the area and are projected to increase by 7% over the next few quarters. Vacancy rates for similar properties in the submarket are hovering near all-time lows, as tenants continue to have difficulty finding available facilities with adequate parking.

Below Replacement Cost – Industrial development costs have been significantly rising in recent years. Developing industrial buildings in key markets can be close to $150/SF. Our building, priced at just under $75/SF, is well below the replacement cost. This gives an investor a very attractive going-in basis.

Healthy Historical Occupancy – Both spaces have had strong historical occupancy rates, which highlights the demand and limited supply in the market.