500 W Innes St | Salisbury, NC 28144
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500 W Innes St
Salisbury, NC 28144
Bank of America · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- INVESTMENT GRADE CREDIT TENANT - Bank of America holds investment grade-rated credit (S&P: A-), providing a top-tier corporate-backed guarantee.
- EXCELLENT BRANCH DEPOSITS - This branch holds $132,485,000 in deposits per the FDIC 2022, reflecting a top-performing location nationwide.
- ZERO COMPETITION - The nearest Bank of America branch is located roughly 15 minutes (17 Miles) away.
- ABSOLUTE NNN LEASE - The tenant is responsible for all expenses: taxes, insurance, and maintenance; including roof and structure.
- NEW LEASE EXTENSION - Bank of America just elected to extend their lease for another 5 years at an increased rent, demonstrating their commitment.
- HARD CORNER LOCATION - Strategically positioned on a signalized hard corner .92 AC lot seeing over 21,964 VPD.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,681 SF
Building Class
C
Year Built
1983
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.92 AC
Zoning
Commerical
Parking
29 Spaces (5.1 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 006-342 | Improvements Assessment | $1,203,639 |
| Land Assessment | $424,512 | Total Assessment | $1,628,151 |
PROPERTY TAXES
Parcel Number
006-342
Land Assessment
$424,512
Improvements Assessment
$1,203,639
Total Assessment
$1,628,151
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