Retail Space - For Sale
935 West Innes Street Salisbury, NC 28144
Details & Description
Price: $1,440,000
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 0.960
  • Building Sq Ft 1,631
  • Building Price per Sq Ft $882.89
  • Land Sq Ft 41,817
  • Land Price per Sq Ft $34.44
  • NOI $90,000
  • CAP Rate % 6.25
Brisky Net Lease is pleased to offer this Sonic in Salisbury a great community located in Western, North Carolina. This NNN Lease has zero landlord responsibilities, & 19+ years of term remaining. Investors will appreciate the opportunity to invest in the largest drive-in restaurant brand in the United States. This Sonic has great visibility on a high traffic corridor just a few blocks from the campus of Livingstone College. This location is operated by franchisee Great American Hospitality with 20 Sonic locations across North and South Carolina.Salisbury is located in central North Carolina about halfway between Charlotte and Greensboro. The community is home to the headquarters of Food Lion, a regional grocery chain that is one of the U.S. subsidiaries of Delhaize. Salisbury is known for its historic downtown, which is a local tourist destination. SONIC, founded in 1953, is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 46 states.SONIC is part of the Inspire Brands family of restaurants. The Inspire portfolio has grown to encompass nearly 32,000 restaurants across more than 70 global markets and all 50 states. An additional SONIC is available with the same expiration date, from the same seller: 296 Concord Parkway, Concord, NC.Broker of Record: Bang Realty-North Carolina, Inc | Brian Brockman NC #298998
Property Highlights
Additional Photos
Listing Agents
Brian Brisky

O: 612-413-4200
M: 715-529-4441
info@brisky.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

935 West Innes Street

Salisbury, NC 28144

Located in High Traffic Retail Corridor

Listing ID: 300043
$1,440,000
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 0.960
  • Building Sq Ft 1,631
  • Building Price per Sq Ft $882.89
  • Land Sq Ft 41,817
  • Land Price per Sq Ft $34.44
  • NOI $90,000
  • CAP Rate % 6.25
  • 935 West Innes Street Salisbury, NC 28144 | for Sale | Photo 1
  • 935 West Innes Street Salisbury, NC 28144 | for Sale | Photo 2
  • 935 West Innes Street Salisbury, NC 28144 | for Sale | Photo 3
  • 935 West Innes Street Salisbury, NC 28144 | for Sale | Photo 4
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Property Highlights
 Operated by Franchisee in NC & SC with 20 Units & Growing
 Absolute NNN Lease with Zero Landlord Responsibilities
 Located in Close Proximity to Livingstone College
 Part of the 2nd Largest Restaurant Company
 Great Location, Visibility & Signage
 Established Tenant
Description

Brisky Net Lease is pleased to offer this Sonic in Salisbury a great community located in Western, North Carolina. This NNN Lease has zero landlord responsibilities, & 19+ years of term remaining. Investors will appreciate the opportunity to invest in the largest drive-in restaurant brand in the United States. This Sonic has great visibility on a high traffic corridor just a few blocks from the campus of Livingstone College. This location is operated by franchisee Great American Hospitality with 20 Sonic locations across North and South Carolina.

Salisbury is located in central North Carolina about halfway between Charlotte and Greensboro. The community is home to the headquarters of Food Lion, a regional grocery chain that is one of the U.S. subsidiaries of Delhaize. Salisbury is known for its historic downtown, which is a local tourist destination. SONIC, founded in 1953, is the largest drive-in restaurant brand in the United States with more than 3,500 restaurants in 46 states.

SONIC is part of the Inspire Brands family of restaurants. The Inspire portfolio has grown to encompass nearly 32,000 restaurants across more than 70 global markets and all 50 states.

An additional SONIC is available with the same expiration date, from the same seller: 296 Concord Parkway, Concord, NC.

Broker of Record: Bang Realty-North Carolina, Inc | Brian Brockman NC #298998

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Salisbury Area Market Trends

Listing Demographics for 935 West Innes Street Salisbury, NC 28144

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population6,66131,81751,636
Population Median Age363939
Population by Age0-9 Yrs749 (11%)3949 (12%)6414 (12%)
10-19 Yrs1275 (19%)4606 (14%)7257 (14%)
20-29 Yrs1274 (19%)5049 (15%)7340 (14%)
30-39 Yrs623 (9%)3486 (10%)6074 (11%)
40-49 Yrs664 (9%)3272 (10%)5774 (11%)
50-59 Yrs670 (10%)3957 (12%)6307 (12%)
60-69 Yrs770 (11%)3637 (11%)6029 (11%)
70+ Yrs636 (9%)3859 (12%)6442 (12%)
Median HH Income$36,548$43,772$48,713
Total Household Income< 24K796 (35%)3645 (30%)5172 (26%)
25-49K654 (29%)3196 (26%)4738 (24%)
50-74K312 (13%)2046 (16%)3927 (20%)
75-99K159 (7%)1180 (9%)2030 (10%)
100-199K261 (11%)1521 (12%)2579 (13%)
200K+68 (3%)521 (4%)911 (4%)
Highest Education LevelNo Diploma45024054139
Diploma or GED1115587210306
Some College104853028318
Assoc. Degree32916283061
Bachelors Degree63736925539
Higher Degree32916702753
Total Housing Units2,86214,34922,656
--Owner-Occupied8875,93711,392
--Renter-Occupied1,3646,1727,964
Owner-Occupied Values< 100K34618823150
100-199K30324174730
200-299K1368932051
300-399K64482822
400-499K17113199
500K+21151441
Total Working Age Population5,44225,45141,219
In Work Force3,03115,09024,352
Not In Work Force2,41010,36116,866
Workforce Employed2,62513,75222,470
Workforce Unemployed4061,3361,869
Civlian Workforce3,03115,08824,339
Military Workforce0213
Total Households2,25112,10919,356
Family Households1,2767,39612,566
Non-Family Households9744,7146,790
Married Couple6964,3187,987
Other Family5813,0784,579
Married w/Child2701,3532,499
Single Male w/Child56456725
Single Female w/Child3611,6282,156

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1110,630,691+1111,836,070
Davie County34,835+1841,240+743,965+1349,615
Davidson County147,246+11162,878+5170,888+8184,987
Rowan County130,340+6138,428+3143,259+5149,784

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
Charlotte Douglas International Airport (CLT) 41
Piedmont Triad International Airport (GSO) 42
Raleigh Durham International Airport (RDU) 96
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