Captain D’s

707 E Innes St, Salisbury, NC 28144

Captain D's

Price $1,300,000
CAP Rate 5.20%
Lease Term 2 Years
Net Operating Income (NOI) $67,587

Property Data

Building Size (SF) 2,705 SF
Land Size (AC) 0.59 AC
Year Built1980

Tenant(s) Captain D's
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 1.5% Annually

Options 1 X 5 Yr
Rent Commencement 12/12/2016
Lease Expiration 5/31/2027

Offering Memorandum

Contact Broker

About Property

STONECLIFF is pleased to present the exclusive listing for a Captain D's located at 707 E Innes St, Salisbury, NC 28144. The site consists of roughly 2,705 rentable square feet of retail space on an estimated 0.59-acre parcel of land. This 7-Eleven is subject to a 2-year Absolute Triple Net (NNN) Lease. The annual rent is $67,587 with scheduled increases based upon 4% of Gross Receipts Beyond Break Points.

Investment Highlights

Privately Held Corporation | Experience & Established Brand | Strong Financials • Centre Partners- $2.5 Billion in investment experience • Operates 530+ locations in 23 states • Corporate-backed lease with 2024 annual revenue of $534 million (USD)
Absolute NNN Lease | Attractive Rent Growth | Easy Connectivity • Zero landlord responsibilities: Well Below Market Rents • Scheduled 1.5% Increases Annually • Close proximity to I-85 (81,500 vehicles per day)

Listing Team

Ryan Eklund

ryan@Stonecliffre.com 980.613.4890

Lic: NC#: 286222; SC#: 115530

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