101 Chamandy Dr Salisbury, NC 28146
- Warehouses
- 150,000 SF
Current Use by Public Records
- Warehouses
Property Details for 101 Chamandy Dr
- Year built
- 2020
- Property size
- 150,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 150,000-square-foot, Class A distribution warehouse located at 101 Chamandy Drive, Salisbury, NC 28146. The property, built in 2020, features a single, two-story building with 15 loading docks and is currently 100% occupied by Grainger, a national leader in maintenance supplies and inventory solutions. This strategically located facility serves the Southeastern US as one of Grainger's key distribution centers. The lease is a NNN (Net, Net, Net) agreement with a remaining term of six years and includes a 2.5% annual rent increase. The property boasts a strong net operating income (NOI) of $806,128. This is a rare opportunity to acquire a high-quality, income-producing asset with a long-term tenant in a thriving market. The property is being offered without a formal asking price, encouraging qualified investors to submit offers. Detailed financial information is available upon request. This is a turnkey investment perfect for those seeking a stable, high-return asset in the industrial sector. The property's prime location and strong tenant provide exceptional long-term value and growth potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.469
- Latitude
- 35.6151
