640 Jake Alexander Blvd W, Salisbury, NC 28147 For Sale

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.

The subject property has excellent visibility, and multiple points of access, at the signalized, hard corner intersection of Jake Alexander Blvd W. and Lincolnton Road (combined 42,500 VPD). The heavily trafficked intersection features a strong lineup of nearby tenants including Planet Fitness, Harris Teeter Grocery, ALDI, Food Lion, and Walgreens. The asset receives crossover exposure from its position at the center of the retail corridor in downtown Salisbury. The immediate area is comprised of many single family residential communities, the Livingstone and Catawba universities, and an additional 600+ apartment and multi family units within 2-miles of the site. The concentration of dense residential areas, higher education institutions, and employers, such as Food Lion headquartered in Salisbury, provides a direct, ample consumer base from which to draw. The 5-mile trade area is supported by a population of over 59,700 residents and 37,300 employees with an average household income of $85,796.