The Opportunity

  • ADDRESS: 745 Jake Alexander Blvd S, Salisbury, NC
  • PRICE: $6,884,000
  • CAP RATE: 5.50%
  • NOI: $378,611
  • LEASE TYPE: NNN Ground Lease
  • BUILDING SIZE: 5,600 SF
  • PARCEL SIZE: 2.06 Acres
  • YEAR BUILT: 2026
  • TENANT: Dash In Food Stores, Inc. (Corporate)
  • REMAINING LEASE TERM: 20 Years
  • OPTIONS: Five (5), Five (5) Year Options
  • RENTAL INCREASES: 10% Every Five (5) Years

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Dash In, (the “Property”) in Salisbury, North Carolina, a city located 35 miles northeast of Charlotte. Dash In will operate under a twenty (20)- year absolute triple-net (NNN) ground lease, providing investors with a highly secure, passive income stream. The lease features ten percent (10%) rental increases every five (5) years. The long-term lease, combined with scheduled rent escalations and zero landlord responsibilities, creates an attractive investment profile ideal for investors seeking stable income, minimal risk, and long-term value preservation.

Dash In is strategically positioned along Jake Alexander Blvd S (U.S. Route 601), a key north south commercial corridor spanning over 315 miles with exposure to approximately 36,500 vehicles per day, providing exceptional visibility and consistent consumer traffic. Salisbury, the county seat of Rowan County, benefits from its role as the region’s governmental, economic, and commercial hub.

Positioned less than one-half mile from Exit 75 on Interstate 85, the property benefits from exceptional visibility and accessibility to one of the Southeast’s primary transportation corridors, carrying approximately 93,000 vehicles per day. The location captures a significant volume of commuter, business, and long-haul traveler traffic, driving consistent fuel demand and in-store sales.

Investment Highlights

LONG TERM ABSOLUTE NNN GROUND LEASE FEATURING 10% RENTAL INCREASES - Dash In will operate under a (20)-year absolute triple-net (NNN) ground lease, providing investors with a highly secure, passive income stream. The lease features ten percent (10%) rental increases every five (5) years. The long-term lease, combined with scheduled rent escalations and zero landlord responsibilities, creates an attractive investment profile ideal for investors seeking stable income, minimal risk, and long-term value preservation.

IMMEDIATE ACCESS TO INTERSTATE 85 (93,000 VPD) – Positioned less than one-half mile from Exit 75 on Interstate 85, the property benefits from exceptional visibility and accessibility to one of the Southeast’s primary transportation corridors, carrying approximately 93,000 vehicles per day. The location captures a significant volume of commuter, business, and long-haul traveler traffic, driving consistent fuel and diesel demand and in-store sales.

PRIME COUNTY SEAT LOCATION WITH STRONG TRAFFIC EXPOSURE (36,500 VPD) – The property is strategically positioned along Jake Alexander Blvd S, a primary commercial corridor with exposure to approximately 36,500 vehicles per day, providing exceptional visibility and consistent consumer traffic. Located within Salisbury, the county seat of Rowan County, the site benefits from its role as the region’s governmental, economic and commercial hub.

CHARLOTTE MSA – A FAST-GROWING ECONOMIC HUB – The property is located approximately 35 miles northeast of Charlotte, within the greater Charlotte MSA, the 21st largest metro area in the United States with a population of approximately 2.88 million residents. The Charlotte MSA is consistently ranked among the fastest-growing metropolitan areas nationwide, driven by strong job creation, corporate relocations, and sustained population inflows.
STRONG PLACER.AI PERFORMANCE OF SURROUNDING RETAIL – The property is situated within a dominant retail corridor anchored by some of the highest-performing retailers in North Carolina and the nation, according to Placer.ai. Nearby Lowe’s Home Improvement ranks as the #1 Lowe’s location in North Carolina and within the 99th percentile nationwide, while Marshall’s ranks in the 87th percentile nationally within its chain. The adjacent Culver’s further reinforces the strength of the trade area, performing in the 95th percentile nationwide. The presence of these exceptionally productive retailers generates substantial consumer traffic and repeat visitation, creating a powerful synergy for the Dash In.

BUSY RETAIL CORRIDOR WITH NATIONAL RETAILERS – Dash In is positioned within a highly trafficked retail corridor near the intersection of Jake Alexander Blvd S (36,500 VPD) and Interstate 85 (93,000 VPD), two of the area’s primary commercial thoroughfares. The corridor is anchored by a dense concentration of national retailers, including Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, Burlington, DICK’S Sporting Goods, Marshalls, HomeGoods, Hobby Lobby, Belk, PetSmart, Five Below, Firestone, Tractor Supply Co., Olive Garden, LongHorn Steakhouse, Texas Roadhouse, Chick fil A, Starbucks, Wendy’s, and others.

DENSELY POPULATED, HIGH-GROWTH AREA – Within a 2-mile radius of the property, the population and number of households have increased by approximately 5.65% and 8.31%, respectively, since 2020. Within a 10-mile radius, the area has an estimated population of approximately 118,000 residents and 47,000 households.

PROXIMITY TO ROWAN CABARRUS COMMUNITY COLLEGE (7,100 STUDENTS) – The property is located less than ½ mile from Rowan Cabarrus Community College, which serves a student population of over 7,100. Nearby higher education institutions provide a consistent daily population of students, faculty, and staff, supporting steady demand for convenience-oriented retail uses.

Brokerage Team

In Cooperation With:

RYAN EKLUND NET CAPITAL REAL ESTATE ADVISORS (NC License #286222)

Marco DiPrinzio

Marco DiPrinzio

James Yi

James Yi

Director
Forged Real Estate
Marc Mandel

Marc Mandel

Managing Principal
Forged Real Estate
Steve Schrenk

Steve Schrenk