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Investment Highlights

  • Attractive Rent Increases
  • Investment Grade Anchors
  • Strategic Retail Location
  • Minimal Landlord Responsibilities
  • Experienced Operators
  • Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in Towne Creek Commons located at 916 E Innes Street in Salisbury, North Carolina (the “Property”). The four-tenant plaza 100% leased to Starbucks, Nothing Bundt Cakes, Jersey Mike’s and Novant Health – Go Health Urgent Care and contains 7,821 square feet on a 1.54-acre parcel. Each of the leases calls for the tenants to reimburse their pro-rata share of real estate taxes, insurance and operating expenses and provide attractive rent increases in either the primary lease terms or renewal options. Towne Creek Commons occupies a prime location in the heart of Salisbury’s commercial corridor, positioned at a signalized intersection along Arlington Street and E. Innes Street, one of the area’s primary retail and commuter routes. The Property offers excellent visibility and strong frontage, enhancing its presence within this established trade area. Located adjacent to Chick-fil-A and surrounded by a mix of national and local retailers and restaurants, the center benefits from consistent consumer traffic. The Property is also conveniently located near residential neighborhoods and area schools, providing a reliable built-in customer base. In addition, Towne Creek Commons offers efficient regional connectivity with quick access to U.S. Routes 52, 29, and 601, as well as Interstate 85, supporting ease of travel throughout Salisbury and the broader region.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
7,841 SF
Building Class
A
Year Built
2004
Price
$3,950,000
Price Per SF
$503.76
Cap Rate
6.14%
NOI
$242,726
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.54 AC
Opportunity Zone
Yes
Zoning
B7

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Waterfront
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Jan 0000

Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - Jan 0000
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Outback Steakhouse
Cook Out
Waffle House
Food Lion
First Horizon Bank
East Coast Wings & Grill
IHOP
Cracker Barrel Old Country Store
Woodforest National Bank
Buffalo Wild Wings

Property Taxes

Property Taxes

Parcel Number
059-128
Land Assessment
$1,207,476
Improvements Assessment
$1,496,420
Total Assessment
$2,703,896
  • Listing ID: 39968997

  • Date on Market: 3/31/2026

  • Last Updated:

  • Address: 916 E Innes St, Salisbury, NC 28144

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