7702 Gateway Ln NW | Concord, NC 28027
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- LoopNet Team
7702 Gateway Ln NW
Concord, NC 28027
Hooters · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- The Lesser of Ten Percent (10%) or 1.25 Times Change In CPI Occurring Every Five (5) Years And Each Renewal Option Starting In January 2033
- Three (3), Five (5)-Year Tenant Renewal Options Remaining, Bringing the Potential Remaining Lease Term to 28+ Years
- Approximately 13.4 Years Remaining
- Initial Lease Commenced In 2011 | Long Operating History | Tenant Exercised First Renewal Option Early, Exhibiting Strong Commitment To The Site
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,749 SF
Building Class
B
Year Built
1978
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.17 AC
Zoning
C-2
Parking
72 Spaces (15.16 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 4599-12-1038-0000 | Improvements Assessment | $928,130 |
| Land Assessment | $1,490,730 | Total Assessment | $2,418,860 |
PROPERTY TAXES
Parcel Number
4599-12-1038-0000
Land Assessment
$1,490,730
Improvements Assessment
$928,130
Total Assessment
$2,418,860
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