deal image
316 George W Liles PkwyConcord, NC 28027
Heartland Dental | Concord, NC |
Asset ClassRetail, Healthcare Facility
Cap Rate5.85%
HIGH INCOME MARKET IN CHARLOTTE MSA

Investment Highlights

Strong Lease Fundamentals

  • 10 year lease with 10% rental increases every 5 years provides next owner with inflation hedge
  • Lease is corporately guaranteed by Heartland Dental
  • NN lease structure provides minimal landlord responsibility

High Income Trade Area with Strong Growth Metrics

  • Affluent sub-market of Charlotte, NC - Average Household Income over $130,943 in a 2-Mile Radius
  • 108K people live in a 5-mile radius
  • 33% population growth from 2010 to 2020

Excellent Position within the Trade Area

  • Less than a half-mile from Harris Teeter
  • Subject property has 121 ft of road frontage
  • Subject property has cross access to lighted intersection
  • Less than 1.5 Miles from I-85

Thousands of Students Nearby

  • Less than 2.5 miles from West Cabarrus High School (1,680 Students)
  • 2.3 Miles from Waddington Hills Elementary (959 Students)
  • 2.4 Miles from Harold E. Winkler Middle School (1,168 Students)
  • 1.5 Miles from Cannon School (1,003 Students)
  • 1 mile from Cabarrus Charter Academy (203 Students)

Charlotte MSA

  • Charlotte MSA grew 2.86% in 2022
  • Over $2.2B of capital investment for Q1 2023
  • North Carolina is the best state to do business in for the 2nd consecutive year (2021 & 2022, CNBC.com)
deal gallery image
deal gallery image
316 George W Liles PkwyConcord, NC 28027

Sales Team

deal image

Inquire

Listing provided by Revere CRE