640 Jake Alexander Blvd W

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640 Jake Alexander Blvd W

Salisbury, NC 28147
Asking Price
$5.70M
Asset Type
Retail
Class
Class B

What's Special

640 Jake Alexander Blvd W is located in a primary commercial corridor of Salisbury, North Carolina. The property sits within a high-traffic retail cluster characterized by a mix of national big-box retailers, casual dining establishments, and local service providers. It is positioned near significant community hubs, including the Salisbury VA Medical Center and Livingstone College. Located less than two miles from Interstate 85, the site offers streamlined transportation access for regional commuters and residents across Rowan County. The property is suited for a broad range of retail and commercial use cases, including flagship retail storefronts, quick-service restaurants, or specialized service centers. Given its proximity to major medical facilities and educational institutions, the location is well-positioned for medical office conversions or campus-adjacent services. Ideal tenants include regional or national retailers seeking visibility in a stabilized commercial district with consistent daily traffic counts and a diverse local consumer base.

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NOI
$80,000
Cap Rate
1.40%
DSCR
0.24
Underwater
Cash-on-Cash
-15.11%
Monthly Payment
$28,220.28
Annual Cash Flow
$-258,643.357

Location & Travel Times