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Traffic Control Devices 710 Long Meadow Dr 10,400 SF Industrial Building Salisbury, NC 28147 $2,175,000 ($209.13/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Industry Leading Operator
  • Recent Lease Extension | Mission Critical Location
  • Long-Term Net Lease with Annual Rent Increases
  • Strong Parent Company
  • Strategic Location within Charlotte MSA with Strong Demographics
  • IOS Functionality within Charlotte MSA

EXECUTIVE SUMMARY

Northmarq is pleased to offer qualified investors the opportunity to acquire an Industrial Outdoor Storage (IOS) property in Salisbury, NC, within the Charlotte MSA. The Property is leased to Traffic Control Devices, a leading provider of traffic management solutions. TCD is a subsidiary of Asplundh Tree Expert, a company with S&P BB+ credit and $5.7 billion in annual revenue for 2024. The property is backed by a long-term net lease with 3% annual rent escalations. Strategically located within the Charlotte MSA, it offers excellent access to major highways and interstates such as U.S. Highway 29 and Interstate 85.
In Association with: Nolan Dunn, NC Lic #335693

PROPERTY FACTS

Price $2,175,000
Price Per SF $209.13
Sale Type Investment
Cap Rate 6.50%
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 2.28 AC
Rentable Building Area 10,400 SF
No. Stories 1
Year Built 2002
Tenancy Single
Parking Ratio 1.73/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Zoning LI - Light Industrial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
471-A081
Land Assessment
$72,632
Improvements Assessment
$331,504
Total Assessment
$404,136
  • Listing ID: 36229270

  • Date on Market: 6/12/2025

  • Last Updated:

  • Address: 710 Long Meadow Dr, Salisbury, NC 28147

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