Log In/Sign Up
Your email has been sent.
Towne Creek Commons 916 E Innes St 7,841 SF 100% Leased Retail Building Salisbury, NC 28144 $3,950,000 ($503.76/SF) 6.14% Cap Rate



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
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
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 began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| 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
Property Taxes
| Parcel Number | 059-128 | Improvements Assessment | $1,496,420 |
| Land Assessment | $1,207,476 | Total Assessment | $2,703,896 |
Property Taxes
Parcel Number
059-128
Land Assessment
$1,207,476
Improvements Assessment
$1,496,420
Total Assessment
$2,703,896
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Towne Creek Commons | 916 E Innes St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
