Concord, NC

Price: $ 3,050,000
CAP Rate: 8.00%
NOI: $ 244,084
Lease Term Remaining Before Options: 10 Years 3 Months
Investment Highlights
  • According to Placer.ai, this location ranks in the top 20% of CVS stores in North Carolina with over 303,000 annual customer visits.
  • CVS is responsible for 100% of all property expenses, offering investors true passive ownership with more than 10 years of lease term remaining.
  • Concord’s population grew 10.9% from 2021 to 2022 and is projected to increase another 2.6% annually between 2024 and 2029, driving continued demand in the trade area.
  • The recently completed “Novi at Concord” project added 300+ new apartments to Downtown Concord — a $20.3 million investment that enhances nearby residential density and retail demand.
  • Situated on a 2.55-acre site, the property provides ample parking, excellent visibility, and future redevelopment flexibility.
Offering Summary

Please reach out to Chris Barry for additional info at (818) 585-8006. Thank you. 

Price: $ 3,050,000
CAP Rate: 8.00%
NOI: $ 244,084
Lease Term Remaining Before Options: 10 Years 3 Months