640 Jake Alexander Blvd W Salisbury, NC 28147

This is a fee simple interest (land & building ownership) investment property located in Salisbury, North Carolina. The property is leased to Parachute Plasma, an independent plasma collection company with over 30 locations. The tenant has over 9 years remaining on its lease, with 4 (5-year) options to extend. The lease includes 10% rental increases in year 11 and at the beginning of each option period. The lease is NNN with limited landlord responsibilities. The property has excellent visibility and multiple points of access at the signalized, hard corner intersection of Jake Alexander Blvd W. and Lincolnton Road, which has a combined traffic count of 42,500 vehicles per day. Nearby tenants include Planet Fitness, Harris Teeter Grocery, ALDI, Food Lion, and Walgreens. The property is located at the center of the retail corridor in downtown Salisbury. The surrounding area includes single-family residential communities, Livingstone and Catawba universities, and over 600 apartment and multi-family units within 2 miles. The location benefits from a dense residential population, higher education institutions, and employers such as Food Lion, which is headquartered in Salisbury. The 5-mile trade area has a population of over 59,700 residents and 37,300 employees, with an average household income of $85,796. The property size is 10908 square feet.