1951 Derita Rd 14,590 SF Retail Building Concord, NC 28027 $2,500,000 ($171.35/SF)
EXECUTIVE SUMMARY
Avison Young - North Carolina, LLC, as exclusive broker, is pleased to present the opportunity to acquire a net lease, ±14,590 SF Daycare
Center, located at 1951 Derita Rd in Concord, NC (“Property”). With a recent 10-year renewal in January 2022, the tenant is committed to this location as it has been in operation since 2011. This offers new ownership a stabilized asset with a long term hold approach. Recent capital improvements of repaving and reconfiguring the parking lot and loop access provides the new investor minimal future CapEx. Located adjacent to the Concord Airport & Oakmont Business Parks, minutes from Concord Mills, the property provides easy access from
I-85 and surrounding neighborhoods, this facility will continue to have a growing waitlist while currently enrolling ~175 students.
Center, located at 1951 Derita Rd in Concord, NC (“Property”). With a recent 10-year renewal in January 2022, the tenant is committed to this location as it has been in operation since 2011. This offers new ownership a stabilized asset with a long term hold approach. Recent capital improvements of repaving and reconfiguring the parking lot and loop access provides the new investor minimal future CapEx. Located adjacent to the Concord Airport & Oakmont Business Parks, minutes from Concord Mills, the property provides easy access from
I-85 and surrounding neighborhoods, this facility will continue to have a growing waitlist while currently enrolling ~175 students.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
14,590 SF
Building Class
B
Year Built
1997
Price
$2,500,000
Price Per SF
$171.35
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.51 AC
Zoning
LI - Light Industrial
Parking
35 Spaces (2.4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4680-70-8273-0000 | Improvements Assessment | $1,335,250 |
| Land Assessment | $607,040 | Total Assessment | $1,942,290 |
