640 Jake Alexander Blvd W, Salisbury, NC 28147

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 10,908 square-foot, single-tenant retail and lab storefront in Salisbury, NC. Located at 640 Jake Alexander Blvd W, this property boasts a prime location on a heavily trafficked intersection (42,500 vehicles per day), benefiting from excellent visibility and multiple access points. The 1.75-acre lot includes 70 parking spaces. The building, constructed in 1997 and extensively renovated in 2021, is currently 100% occupied by ImmunoTek Bio Centers, LLC, under a 15-year NNN lease with four 5-year renewal options. The lease includes scheduled 10% rent increases, ensuring consistent NOI growth and inflation protection. The tenant, a major independent plasma collection center operator with 80+ locations, provides a strong, corporate-guaranteed lease. This low-management investment benefits from a strong demographic profile, including a dense residential population, nearby universities, and numerous apartment complexes within a two-mile radius. The 5-mile trade area boasts over 59,700 residents and 37,300 employees, with an average household income exceeding $85,796. The property's zoning is HB - Highway Business. The asking price is $6,519,000, representing a 7.00% cap rate and a current NOI of $456,304. This is an ideal investment for passive investors seeking a stable, long-term return. The property's APN is 061A190.