Salisbury Marketplace

2092-2138 Statesville Blvd., Salisbury, NC 28147

Salisbury Marketplace is an 88% occupied, 79,732 SF grocery-anchored shopping center located in Salisbury, NC—within the growing Charlotte MSA. The property is anchored by a 31,762 SF Food Lion, a national grocer with over 35 years of operating history at the site, and is supported by a diverse lineup of necessity-based tenants including Citi Trends, Family Dollar, and Cricket Wireless. With strong tenant tenure (11+ years average for in-line tenants) and a targeted leasing strategy for 9,300 SF of contiguous vacancy, we believe this offering provides investors with the potential for stable cash flow and long-term value creation.

Salisbury Marketplace is an 88% occupied, 79,732 SF grocery-anchored shopping center located in Salisbury, NC—within the growing Charlotte MSA. The property is anchored by a 31,762 SF Food Lion, a national grocer with over 35 years of operating history, boasting strong sales performance and a store remodel completed this year. The center further benefits from a location with no grocer competition within 2 miles and is situated less than 3 miles from the Food Lion Corporate Headquarters. Food Lion is supported a diverse lineup of necessity-based tenants including Citi Trends, Family Dollar, and Cricket Wireless. With strong tenant tenure (11+ years average for in-line tenants) and a targeted leasing strategy for 9,300 SF of contiguous vacancy, we believe this offering provides investors with the potential for stable cash flow and long-term value creation.

Executive Presentations

 

Property & Financial Overview

Mike Hazinski, Chief Investment Officer
 

Next Steps to Invest

Nicole Calgani​​, Investor Relations

Overview Video

salisbury marketplace
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Overview Video

Due Diligence Documents

Viewed by 100266 Investors

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$50,000 minimum

Your Personal Investor Relations Associate

Joseph Palermo
Joseph Palermo
+1 (732) 607-5491

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Financial Targets

$10 M

Purchase Price

6-7 Year

Targeted Hold Period

10-11%

Targeted Net IRR1

1.6x-1.9x

Targeted Equity Multiple2

5.75-6.25%

Targeted Average Cash-on-Cash Return3

6%

Preferred Return of Net IRR4

“Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated. Cash distributions and any specific returns are not guaranteed.

Why We're Investing

  • CONSISTENTLY PERFORMING GROCERY-ANCHOR IN STRATEGIC LOCATION
    • The asset is anchored by a longstanding Food Lion location with a 35+ year operating history that reports above-average sales performance with steady growth trends and a low-2% health ratio.
    • Food Lion completed improvements to the interior and exterior of the store. We believe this tenant investment signals a long-term commitment to the shopping center.
    • The asset is strategically located with no grocer competition within a 2-mile radius, and it is located less than 3 miles from the Food Lion Corporate Headquarters. Refer to Page 23 of the OM for a visual representation of the submarket.
    • Food Lion comprises over 41% of current revenue for the center and is an investment grade credit tenant as a subsidiary of Ahold Delhaize (S&P: BBB+).
  • NECESSITY-BASED TENANT ROSTER
    • Food Lion is joined at the center by junior anchors Citi Trends and Family Dollar, both of which are stable performers within their store chains.
    • Other inline tenants include national and regional brands such as Cricket Wireless, Miracle Ear, and Village Inn Pizza as well as other daily needs retailers and service users.
    • The shopping center has experienced low tenant turnover as evidenced by a weighted-average tenure exceeding 11 years for inline tenants.
  • GROWING CHARLOTTE SUBMARKET
    • The shopping center is located within the growing Charlotte MSA and is 45 minutes from Downtown Charlotte.
    • Charlotte is the 14th largest MSA and one of the fastest growing major cities in the United States.
    • Salisbury is situated in Rowan County, North Carolina, which benefits from a strategic location along I-85. It is home to two colleges, a major medical center, and a top ranked public school system.
    • Demographics include 3-mile average household incomes exceeding $78,000 and a population above 24,000.
  • POTENTIAL UPSIDE IN LEASE-UP OF VACANT SPACE
    • There are currently four contiguous vacant spaces totaling 9,300 square feet, and a lease up is expected to become accretive to the rent roll shortly after acquisition.
    • FNRP will leverage its national platform and local expertise to target retail and especially service users for the existing vacancies.
    • Leasing these additional spaces should enhance the merchandising mix at the center and increase cross-shopping opportunities.

Property Photos

Map

FNRP By The Numbers5

Approaching$2B+

Total Acquisitions Closed

65+

Owned Assets

$140M+

Total Investor Distributions
Since Inception

26

Current States
Present

3,000+

Investors

12M+ SF

GLA Under Management

All amounts are as of 6/17/2025.

Viewed by 100267 Investors

Request Investment Docs

$50,000 minimum

Your Personal Investor Relations Associate

Joseph Palermo
Joseph Palermo
+1 (732) 607-5491

Share Deal To a Friend

Pass Along The Benefits

  1. Targeted Net IRR is defined as the annualized, compound rate of return using equity contributions and distributions as they occurred on specific dates during the investment period. Net IRR is reflective of all fees charged and paid to First National Realty Partners LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated.
  2. Targeted Net Equity Multiple is the total distributions and remittances to equity investors divided by the total equity contributions from investors during the investment period. Targeted Net Equity Multiple is reflective of all fees charged and paid to First National Realty Partners LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.
  3. Targeted Average Cash-on-Cash is targeted annual cash flow return on invested equity over the projected hold period. All projected Cash-on-Cash returns are reflective of all fees charged and paid to First National Realty Partners and its affiliates and subsidiaries. Cash distributions and any specific returns are not guaranteed. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.
  4. Preferred Return is the cumulative Net IRR return, compounded monthly, of six percent (6.0%) per annum on an investor’s capital investment, after payment of all fees owed to First National Realty Partners LLC and its affiliates and subsidiaries. This return is calculated on a net basis, meaning it is after all fees including sponsor fees and other expenses incurred at both the fund and property levels. Preferred Returns will be paid in full before the sponsor or any of its affiliates receive payments for any promote interests.
  5. Past performance may not be indicative of future results. An investment in commercial real estate is speculative and subject to risk, and there can be no assurance that the future performance of any specific investment, investment strategy or selection of a specific property as referenced in the information herein, will be profitable, equal any corresponding indicated historical performance level(s) or be suitable for your needs. Due to various factors, including changing market conditions, this content may not be reflective of current opinions or positions.

NOTE: Cash distributions and any specific returns are not guaranteed. An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate, including, without limitation, any representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. The ability to make distributions or the amount of distributions may be affected by factors such as debt and lender restrictions, future capital expenditure needs, and financial performance of the property.

This webpage is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation of an offer to buy any securities, which offer may be made only at the time a qualified offeree receives a current Confidential Offering Memorandum relating to a proposed investment opportunity.

As of 8/5/2025

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Salisbury Marketplace

2092-2138 Statesville Blvd.
Salisbury, NC 28147

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

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Invest in

Salisbury Marketplace

2092-2138 Statesville Blvd.
Salisbury, NC 28147

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

Investment Request

"*" indicates required fields

Please complete this form to reserve a position in this offering. Please note that positions are not guaranteed until your subscription agreement is signed and accepted by our Investor Relations Team.
Increments of $5,000. Please note that our minimum investment is $50,000
Your Name*
Email*
This field is for validation purposes and should be left unchanged.
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