316 George W Liles Pkwy Concord, NC 28027

This exceptional Class A, 4,262 square foot storefront, located at 316 George W Liles Pkwy, Concord, NC 28027, presents a compelling net lease investment opportunity. The property boasts a 6.00% cap rate and a strong NOI of $182,840, anchored by a 10-year lease (commencing August 25, 2022, and expiring August 30, 2032) with Heartland Dental, a corporate guarantor. The lease includes 10% rent bumps every five years, providing an inflation hedge for the investor. Situated on a 1.35-acre lot with 121 feet of road frontage and convenient access to a lighted intersection, this property benefits from its prime location less than a half-mile from Harris Teeter and less than 1.5 miles from I-85. The high-income trade area boasts an average household income exceeding $130,943 within a two-mile radius, with a population of 108,000 within a five-mile radius. The area's strong growth is further evidenced by a 33% population increase between 2010 and 2020. The property's proximity to several schools, including West Cabarrus High School, Waddington Hills Elementary, Harold E. Winkler Middle School, Cannon School, and Cabarrus Charter Academy, adds to its appeal. This fee-simple offering provides a secure, high-return investment in a thriving Charlotte MSA market, which experienced 2.86% growth in 2022 and over $2.2 billion in capital investment in Q1 2023. The lease structure is NN, minimizing landlord responsibilities. Four five-year lease options are available.