517 Wilshire Ave SW - Freestanding FOR SALE


Concord, NC 28025
$1,028,571 USD
704-782-7777
517 Wilshire Ave SW, Concord, NC for Sale
$1,028,571 USD
Freestanding - FOR SALE
1/33
null | 7% Cap Rate

517 Wilshire Ave SW
Concord, NC 28025


HIGHLIGHTS

  • Corner Lot
  • Easy access to HWY 601
  • Well established Lock/Security Business EST. 1980
  • Flexible Buidling

OVERVIEW

We are pleased to present this sale-leaseback investment in Concord, NC. CPSL, the tenant, is well established and has been in the lock and security business since 1980. The property will be sold with a fresh 7 year term and is absolute NNN. This lease rate has 2% escalators beginning on year 4 and will continue to bump up by 2% every year after. This flex building is very versatile with three grade level roll ups across the front and one on each end. Finished office space and located on the hard corner of Zion Church Rd. and Wilshire Ave.

FOR SALE DETAILS

PRICE

$1,028,571 USD

PRICE/SF

$151 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,924 SF

ZONING

C-2

APN/PARCEL ID

5529-88-6552-0000

ASK ABOUT THIS PROPERTY

Thomas PropstNorthstate Property AdvisorsMore Info
704-782-7777

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Thomas PropstNorthstate Property AdvisorsMore Info
704-782-7777

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