948 Concord Pky N - Restaurant FOR SALE


Concord, NC 28027
$3,452,000 USD
602-687-6650
948 Concord Pky N, Concord, NC for Sale
$3,452,000 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

948 Concord Pky N
Concord, NC 28027


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease with Multi-Unit Franchisee
  • Five Percent Rental Increases Every Five Years
  • New High-Quality 2023 Renovation
  • 103,982 Residents within a Five-Mile Radius in the Charlotte MSA - Households and Population Projected to Increase Roughly Seven Percent by 2027
  • Outparcel to Lowe's Home Improvement
  • Excellent Access and Visibility Along Concord Parkway North (31,500 Cars per Day)

OVERVIEW

Slim Chickens is a fast-casual restaurant chain that serves a menu of chicken tenders, wings, sandwiches and salads, along with chicken and waffles and sides such as fried pickles and fried okra. Founded in 2003, the company is based in Fayetteville, Arkansas and has over 225 locations throughout the U.S. and U.K., with more than 1,100 restaurants in development. Concord is the county seat of North Carolina's Cabarrus County. With a population of 105,240 residents, Concord is the second-most populous city in the Charlotte metropolitan area. Located in the Piedmont region, the city is 20 miles northeast of Uptown Charlotte. Concord is home to some of North Carolina's top tourist destinations, including NASCAR's Charlotte Motor Speedway and Concord Mills.

FOR SALE DETAILS

PRICE

$3,452,000 USD

PRICE/SF

$846 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Slim Chickens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

5611-94-7440-0000

ASK ABOUT THIS PROPERTY

Zack HouseMarcus & MillichapMore Info
602-687-6650

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Zack HouseMarcus & MillichapMore Info
602-687-6650

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