Davidson Highway & Odell School Rd - Retail FOR SALE


Concord, NC 28027
$5,391,000 USD
704-968-3320
Davidson Highway & Odell School Rd, Concord, NC for Sale
$5,391,000 USD
Retail - FOR SALE
1/3
null | 6% Cap Rate

Davidson Highway & Odell School Rd
Concord, NC 28027


HIGHLIGHTS

  • Corporate Medical tenant with 7 year NNN lease and Dental tenant with 10 year NNN leasewith 10% escalations every 5 years.
  • High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years
  • Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
  • Odell Corners is located directly across from the W.R. Odell Elementary School rated in the top 5% of all public schools in North Carolina.
  • part of a 23 Acre master planned multi use development featuring 101 Pulte Townhomes alongside several residential developments
  • Concord is just 30 minutes out from Charlotte that is home to 18 Fortune 500 companies.

OVERVIEW

• Corporate medical tenant and dental service tenant. 100% Leased • Built in 2024 with a corporate medical 7 year NNN lease and a dental 10 year NNN lease • Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles. • High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years. • Mona at Odell Corners is part of a 23 acre master planned development and it is across from W.R. Odell Elementary School which is rated top 5% of all public schools in North Carolina. • Concord is the second largest city in Cabarrus County and is the County Seat.

FOR SALE DETAILS

PRICE

$5,391,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mona at Odell Corners

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

PUD

APN/PARCEL ID

4681-68-0773-0000

ASK ABOUT THIS PROPERTY

Kathy McCarthyAtlas Realty GroupMore Info
704-968-3320

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Kathy McCarthyAtlas Realty GroupMore Info
704-968-3320

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