1329 Innes St Salisbury, NC 28146-6001
Property profile & analytics
1329 Innes St Salisbury, NC 28146-6001
- Retail space
- 5,124 SF
- 0.37 lot acres
Property ID
US53-1436220
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mattress Firm Innes Street / Furniture & Home Goods
Property Details for 1329 Innes St
- Year built
- 2015
- Lot size
- 0.37 lot acres
- Property size
- 5,124 SF
- Zone code
- B6
- Property type
- Retail space
- APN
- 059 064
- APU
- 59064
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,900,000
- ML approach
- $1,705,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.4579
- Latitude
- 35.6548
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,622
$314,282
$490,249
$804,531
-
$314,282
$490,249
$804,531
