IHOP
275 Bendix Dr, Salisbury, NC 28146
For Sale
New
$1,500,000
An established restaurant site with direct Interstate 85 exposure and a long operating history.
Property Size5,000 SF
Lot Size1.23 Acres
Price / SF$300
Days on Market2
Property Features for 275 Bendix Dr
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Site & Location
Traffic Count
Highway Access
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Cap Rate
Amenities
Located in a dense retail corridor directly off I-85 about 40 miles northeast of Charlotte
Long-term occupancy
Very conservative rent with a 100+ unit operator
Building Details
Building Size
Tenancy
Listing Agency:
Marcus & Millichap | Columbia
Listed By:
Brian Munn · License #License(s): GA: 263081
(678) 808-2767
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 8 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Columbia
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Investment Insights
Based on property information with market context.
The 5,000-square-foot IHOP occupies 1.23 acres in Salisbury, North Carolina. The restaurant has operated at this location since 1997, and the property is offered with a fee-simple lease structure. The lease includes four five-year option periods, with 10% rental increases during each option period.
The site is an outparcel to Innes Street Market, a power center with approximately 350,000 square feet and anchors including Lowe’s, Food Lion, Cinemark, Old Navy, PetSmart, Marshalls, and Staples. Interstate 85 is directly accessible nearby, and the restaurant and its pylon sign are visible from the interstate. Reported traffic exceeds 87,000 vehicles per day.
The site is an outparcel to Innes Street Market, a power center with approximately 350,000 square feet and anchors including Lowe’s, Food Lion, Cinemark, Old Navy, PetSmart, Marshalls, and Staples. Interstate 85 is directly accessible nearby, and the restaurant and its pylon sign are visible from the interstate. Reported traffic exceeds 87,000 vehicles per day.
Key Highlights
- 5,000‑square‑foot IHOP on 1.23 acres
- IHOP has operated at this site since 1997
- Fee‑simple lease with four five‑year option periods and 10% increases during each period
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
87,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
808k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Superstores 15%
Shops & Services 14%
Apparel 11%
Walmart
Superstores
99,336 visits/mo
0.4 miles
Chick-fil-A
Dining
66,032 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
52,614 visits/mo
0.1 miles
Marshalls
Apparel
51,490 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
41,071 visits/mo
0.3 miles
Demographics for 28146, NC
29,572
Population
14,111
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
92%
High-School Grad
97.1 sq mi
ZIP Area
305
Density / Sq Mi
$67,053
Median Household Income
$43,106
Median Earnings
$888
Median Rent
$227,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- China Buffet — 205 N Arlington St, Salisbury, NC 28144
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established restaurant site with direct Interstate 85 exposure and a long operating history.
Where is this conventional restaurant located?
The property is located at 275 Bendix Dr Salisbury, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,000‑square‑foot IHOP on 1.23 acres; IHOP has operated at this site since 1997; Fee‑simple lease with four five‑year option periods and 10% increases during each period
