Concord, NC Retail Property For Sale

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Retail for Sale

Concord, NC 28027

- $2,145,000 Sales price ($72 PSF)

- 29,608 SF Total

- 1.74 Ac. on C-2 commercial zoning

- 41,000 CPD traffic counts

- Over 1,000 feet of frontage on Concord Parkway

- Existing billboard with income

Fully heated/cooled free standing building located in the heart of Concord with great visibility on Concord Pkwy. Less than 5 miles from I-85, downtown Concord, CMC Northeast Hospital, banks, restaurants, retail centers, gyms, and much more. This unique building has a large mezzanine, ample natural lighting, and 1st floor warehouse serviced by a drive in door.

Total SF:  29,608

Mezzanine (*Not counted in total SF):  3,500 SF

Year Built:  1900, 1988, and 1997

Total Acres: 1.74 Acres

Zoning:  City of Concord, C-2 Commercial

Lighting: Fluorescent lighting throughout  

Roofing:  Metal pitch roof  

Exterior:  Metal

Clear Height: ±12' at eve to ±18.6' at gable peak

Deck Height: ±13' at eve to ±20' at gable peak

Drive in Doors: (1) One drive in door with Dimensions: 8' X 10'

Dock High Doors:  (1) Dock high door with Dimensions:  8' X 10

HVAC:  (6) Six HVAC units serving the buildings in additional to gas fired heaters. *One of the units needs to be replaced.

Location:

±2 Miles from I-85

±3 Miles from Hwy 73

±3 Miles from Downtown Concord

±10 Miles from I-485

Retail for Sale

Concord, NC 28027

Current NOI $192,000 (3% bump on 10/31/20) NOTE* - Tenant has been allowed to pay a reduced rent of $7,000/month due to COVID19 restrictions. Seller is willing to sell the property free of a lease encumbrance.

CAP Rate 8.17% (Based on first year NOI, does not factor in annual increases)

NNN Lease (10 yr) in place through 10/31/2029 with 3% escalation per year

5,022 SF Building Area, built in 2008, excellent condition

1.41 Acre Outparcel, Zoned CD

Ample Parking - 68 spaces on-site (includes 3 HC spaces)

High Visibility, maintained hardscape and landscape

Conveniently located at I-85 and Exit 54 in Afton Ridge Shopping Center

Center anchored by SuperTarget, PetSmart, Dick's, Marshalls + more

Retail for Sale

Concord, NC 28025

Industrial for Sale

Concord, NC 28027

Currently being used as race/performance shop. Can be used for many other purposes but is turn key for automotive use. Most equipment available for sale to stay. Beautiful showroom at entrance. Two private offices, break room, large open car area with 6 lifts. Tear down room, fabrication room, assembly room, dyno room with in ground all wheel drive Superflow dyno. On over 1.5 acre lot. Currently owner occupied and can vacate within about 30 days. Will not stay on as tenant. 9000 average vehicles per day. Plenty of parking. 2 roll up doors. No interior load bearing walls to can be configured however you like. Would make a great warehouse or any flex use. Convenient to Hwy 29, 49, and I-85. Has grandfathered zoning so may be used for most purposes including car sales.

Retail for Sale

Concord, NC 28027

This former Credit Union is in fabulous shape. The building was built in 1988, completely renovated in 2007 and is serviced by 4 drive through lanes. Large monument pole sign which may still be allowed by the City of Concord. Two points of egress and ingress, both at a signalized intersection. Large lot. Well positioned in Concord, NC on heavily traveled US HWY 29.

Retail for Sale

Concord, NC 28025

Prime Commercial Investment Opportunity in the heart of Concord! Don't miss this opportunity to own this prime commercial property with current tenants and potential for more!

Retail for Sale

Concord, NC 28027

This property has approximately 15,000 Square Feet of retail space. Current tenants consist of an Event Center, furniture/antique/auto detailer/seller, an additional large auto sales tenant, Church, screen printer and a barber shop. 800 and 5000 square foot suites are currently available.

Center is in excellent repair.

All roofing is new.

HVAC is new or in excellent condition.

Center is well maintained

Gross Income Annual Income $81600

Gross Annual Costs $45000

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