316 George W Liles Pky NW - Freestanding FOR SALE


Concord, NC 28027
$3,047,000 USD
704-697-1900
316 George W Liles Pky NW, Concord, NC for Sale
$3,047,000 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

316 George W Liles Pky NW
Concord, NC 28027


HIGHLIGHTS

  • High Income Trade Area with Strong Growth Metrics
  • Strong Lease Fundamentals
  • Strong Credit Corporate Tenant

OVERVIEW

Strong Lease Fundamentals - 10 year lease with 10% rental increases every 5 years provides next owner with inflation hedge - Lease is corporately guaranteed by Heartland Dental - NN lease structure provides minimal landlord responsibility High Income Trade Area with Strong Growth Metrics - Affluent sub-market of Charlotte, NC - Average Household Income over $130,943 in a 2-Mile Radius - 108K people live in a 5-mile radius - 33% population growth from 2010 to 2020 Excellent Position within the Trade Area - Less than a half-mile from Harris Teeter - Subject property has 121 ft of road frontage - Subject property has cross access to lighted intersection - Less than 1.5 Miles from I-85 Thousands of Students Nearby - Less than 2.5 miles from West Cabarrus High School (1,680 Students) - 2.3 Miles from Waddington Hills Elementary (959 Students) - 2.4 Miles from Harold E. Winkler Middle School (1,168 Students) - 1.5 Miles from Cannon School (1,003 Students) - 1 mile from Cabarrus Charter Academy (203 Students) Charlotte MSA - Charlotte MSA grew 2.86% in 2022 - Over $2.2B of capital investment for Q1 2023 - North Carolina is the best state to do business in for the 2nd consecutive year (2021 & 2022, CNBC.com)

FOR SALE DETAILS

PRICE

$3,047,000 USD

PRICE/SF

$715 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

5600-47-4870-0000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.