1345 Klumac Road, Salisbury, NC 28146

Wallace Commons I & II is a premier super regional retail shopping center located in Salisbury, NC, within the Charlotte MSA. This 209,431 SF multi-anchor retail destination sits on 24.33 acres with direct visibility along the I-85 corridor (80,000 VPD), strategically positioned just 35 miles from Uptown Charlotte and 45 miles from Greensboro.

The property benefits from an exceptional location in North Carolina, ranked the #1 state for business by CNBC in 2023, and serves an extended trade area of 30+ miles with limited competition. Wallace Commons features a dominant national tenant mix including Kohl's, Belk, Ulta, Shoe Station, Michaels, Dollar Tree, and Longhorn Steakhouse, with 97% of GLA represented by national or regional tenants.

The center enjoys strong multi-anchor drawing power with an established rent roll and exceptional operating history. Nine out of 12 tenants have over 10 years of tenure, resulting in a weighted average tenure of 14.7 years. The property presents significant mark-to-market opportunities, with 80% of tenants currently paying below market rents (30%+ below market on average), representing approximately $150K+ opportunity to increase base rental revenue.

With 100% occupancy, a Pro-Forma NOI of $1,878,774, strong NOI growth (2.51% 5-year CAGR / 3.03% 10-year CAGR), and outparcel optionality with Longhorn Steakhouse, Wallace Commons I & II offers investors a compelling opportunity in one of the Southeast's most dynamic growth markets.