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Lowes Foods 2415 Herrons Nest Pl

52,000 SF 4-Star Retail Building Concord, NC 28027 $19,750,000 ($380/SF) 6.15% Cap Rate

Retail Space North Carolina Concord 2415 Herrons Nest Pl, Concord, NC 28027

Investment Highlights

  • Lowes Foods serves as the anchor of Christenbury Village, a dynamic 16+ acre master-planned development
  • Concord Mills Boulevard has long been considered one of the most high-volume retail shopping corridors throughout North Carolina.
  • Located just 20 minutes from Charlotte’s CBD, Christenbury Village benefits from the city’s robust economy, which is home to 18 Fortune 500 companies.
  • Built in 2024, Lowes Foods is subject to a new 20- year corporate lease with rare 10% rent increases every 5 years during the initial lease term.
  • Property benefits from a robust demographic profile, over 144K residents living within a 5-mile radius, boasting an average household income of $124K

Executive Summary

Carl Brendes & Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Lowe's Foods in Concord, NC. We welcome your review of this attractive investment.

Property Facts

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Supermarket
Building Size
52,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$19,750,000
Price Per SF
$380
Cap Rate
6.15%
NOI
$1,214,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
4.69 AC
Zoning
C - Commercial
Frontage
1,559 FT on Christenbury Hall Drive N

Amenities

  • Corner Lot
  • Air Conditioning

Links

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Nearby Major Retailers

Lowes Foods
Chicken Salad Chick
Maple Street Biscuit Company
Tacos 4 Life
Lidl
Pdq
Carolina Ale House
First Watch
CAVA
Famous Toastery
(704) 714-2363

  • Listing ID: 33290832

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 2415 Herrons Nest Pl, Concord, NC 28027

More public record information on 2415 Herrons Nest Pl, Concord, NC 28027

The Retail Property at 2415 Herrons Nest Pl, Concord, NC 28027 is currently available For Sale. Contact Berkeley Capital Advisors for more information.

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

Lowes Foods | 2415 Herrons Nest Pl
(704) 714-2363 x

Lowes Foods | 2415 Herrons Nest Pl

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Carl Brendes

(704) 714-2363

(704) 714-2363

Ransome Foose

(704) 379-1985

(704) 379-1985

Jake Zapata

(704) 943-3160

(704) 943-3160

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