Net-lease investment offering
Captain D’s
707 E Innes St, Salisbury, NC
$1,300,000Asking price
5.20%Capitalization rate
$67,587Net operating income
0.6 YearsTerm remaining
Offering memorandumComplete investment materials
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Broker of RecordRyan EklundStonecliffNC License No. 286222
Corporate-guaranteed · NNNOffering Details
Investment Economics
Asking Price$1,300,000
Capitalization Rate5.20%
Net Operating Income$67,587
Lease Profile
Term Remaining0.6 Years
Original Lease Term7 Years
Roof / StructureNone
Lease Expiration5/31/2027
Rent Commencement12/12/2016
Scheduled Base Rent (June 2026-May 2027)$68,432.18 annually
Percentage Rent4% of gross receipts above breakpoint
Rent Increases1.25% Annually
TenantCaptain D’s
Lease TypeNNN
GuarantyCorporate
Landlord ResponsibilitiesNone
Renewal Options1 X 5 Yr
Property
Property TypeRestaurant
Building Area2,705 SF
Land Area0.59 Acres
Year Built1980
Investment Overview
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.
- 01Privately 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)
- 02NNN Lease | Attractive Rent Growth | Easy Connectivity • Zero landlord responsibilities
Well Below Market Rents • Scheduled 1.25% Increases Annually • Close proximity to I-85 (81,500 vehicles per day.
Location & Market
Salisbury, NC · 707 E Innes St, Salisbury, NC
The property is located in Salisbury, NC. The map and market indicators below summarize regional access, demographics, and surrounding demand drivers.
81,500I-85 traffic
23States served
$534 MillionTenant annual revenue