Freestanding Parachute Plasma Investment
For Sale
Contact for pricing
640 Jake Alexander Blvd W, Salisbury, NC 28147
NNN leased Parachute Plasma investment property with over 9 years remaining.
Property Size10,908 SF
Price / SF$522.92
Days on Market169
Property Features for 640 Jake Alexander Blvd W
General Information
Standard status
Active
Size
10,908 SF
Total Parking Spaces
70
Property subtype
Retail
Zoning
HB - Highway Business
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$456,304
Building Details
Year Built
1997
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
(404) 231-2232
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Feb 23
Changed: Aug 9
Last Checked: Aug 9 at 9:00AM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
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.
Key Highlights
- NNN lease with over 9 years remaining and 4 (5‑year) options to extend, providing stable long‑term income.
- 10% rental increases in year 11 and at the beginning of each option period.
- Located at a signalized, hard corner intersection with high traffic volume (42,500 VPD) and excellent visibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
174k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 31%
Groceries 21%
Apparel 4%
Food Lion Grocery Store
Groceries
36,599 visits/mo
0.2 miles
McDonald's
Dining
31,356 visits/mo
0.2 miles
Burger King
Dining
12,732 visits/mo
0.3 miles
Speedway
Shops & Services
10,980 visits/mo
0.4 miles
Taco Bell
Dining
10,100 visits/mo
0.0 miles
Demographics for 28147, NC
26,618
Population
10,095
Households
2.6
Avg Household Size
40
Median Age
19%
College-Educated
86%
High-School Grad
77.6 sq mi
ZIP Area
343
Density / Sq Mi
$59,770
Median Household Income
$36,118
Median Earnings
$1,036
Median Rent
$241,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN leased Parachute Plasma investment property with over 9 years remaining.
Where is this nnn property located?
The property is located at 640 Jake Alexander Blvd W Salisbury, NC.
What is the asking price?
The asking price for this property is $5,704,000.
What are key features of this property?
This property features: NNN lease with over 9 years remaining and 4 (5‑year) options to extend, providing stable long‑term income.; 10% rental increases in year 11 and at the beginning of each option period.; Located at a **signalized, hard corner intersection with high traffic volume (42,500 VPD) and excellent visibility.**
