1329 Innes St, Salisbury, NC 28146-6001

This exceptional Class A retail investment presents a compelling opportunity. The 5,000 square foot storefront, located at 1329 E Innes St, Salisbury, NC 28146, is a single-tenant, net-lease property occupied by Mattress Firm, the nation's largest multi-brand mattress retailer. Built in 2016 on a 0.64-acre lot, the property boasts a strong corporate guarantee and a lease extending until March 31, 2031, offering a remaining term of 6.4 years. The current annual net operating income (NOI) is $137,500, yielding a 7.25% cap rate. The lease includes 10% rent bumps at each option period. This strategically located property benefits from high visibility and accessibility, situated at a hard corner with daily traffic counts exceeding 41,000 vehicles, and direct access to I-85 (68,000+ vehicles per day). The property is part of the Innes Street Market, a 349,000+ square foot shopping center anchored by Lowe's and Food Lion, and surrounded by numerous national retailers. Its proximity to major roadways, a significant population base including several schools and the Hefner VA Medical Center, and Mid-Carolina Regional Airport further enhances its value and potential for long-term growth. The roof warranty is in place until 2030. The asking price is $1,896,552. This is a rare opportunity to acquire a high-performing, stable investment in a thriving retail corridor.