Second-Generation Restaurant and
For Sale
$4,000,000
7731 Gateway Ln NW, Concord, NC 28027
Second-generation bar/restaurant for sale in the retail corridor near major attractions, including Concord Mills Mall.
Property Size8,188 SF
Days on Market216
Property Features for 7731 Gateway Ln NW
General Information
Standard status
Active
Size
8,188 SF
Property subtype
Retail
Zoning
C-2
Additional Details
Business Included
Yes
Building Details
Building Size
8,188 SF
Year Built
2004
Listing Agency:
The Nichols Company
Listed By:
John Hadley · License #267758
(704) 749-5727
Source:
Commercialcafe
Added: Mar 3
Changed: Sep 23
Last Checked: Oct 4 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Nichols Company
Investment Insights
Based on property information with market context.
This second-generation bar/restaurant is available for sale in the heart of a thriving retail corridor. The offering represents an established food and beverage concept with operational continuity as a bar/restaurant at the site.
The property is located at 7731 Gateway Ln NW, Concord, NC 28027, directly next to Concord Mills Mall and Charlotte Motor Speedway. The site is surrounded by retail and sits within Charlotte’s prominent shopping trade area.
As presented, the asset offers a turn-key foundation for a hospitality buyer seeking to operate from an existing restaurant/bar location in a high-activity retail environment adjacent to major regional destinations.
The property is located at 7731 Gateway Ln NW, Concord, NC 28027, directly next to Concord Mills Mall and Charlotte Motor Speedway. The site is surrounded by retail and sits within Charlotte’s prominent shopping trade area.
As presented, the asset offers a turn-key foundation for a hospitality buyer seeking to operate from an existing restaurant/bar location in a high-activity retail environment adjacent to major regional destinations.
Key Highlights
- Second‑generation bar/restaurant available for sale
- Located in the heart of a thriving retail corridor next to Concord Mills Mall and Charlotte Motor Speedway
- Surrounded by retail and adjacent to Charlotte’s largest shopping trade area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,190
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,123,800
$3.1M
Cap Rate 7%
$2,231,286
$2.2M
Cap Rate 9%
$1,735,444
$1.7M
Market Conditions
NOI Build-Up for 8,188 SF
Gross rent
$221.1K $27.00/SF
− Vacancy
−$12.8K −$1.57/SF
EGI
$208.3K $25.43/SF
− OpEx
−$52.1K −$6.36/SF
NOI
$156.2K $19.08/SF
Area
Concord, NC
Vacancy
5.80%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,123,800
Cap Rate 7%
$2,231,286
Cap Rate 9%
$1,735,444
Alternative Uses
Best Use
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,190 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
475k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 19%
Hotels & Casinos 16%
Superstores 11%
BJ's Wholesale Club
Superstores
51,212 visits/mo
0.4 miles
Texas Roadhouse
Dining
44,435 visits/mo
0.3 miles
McDonald's
Dining
34,905 visits/mo
0.3 miles
Great Wolf Lodge Water Park
Hotels & Casinos
28,547 visits/mo
0.4 miles
Mobil
Shops & Services
28,447 visits/mo
0.2 miles
Demographics for 28027, NC
76,478
Population
31,450
Households
2.4
Avg Household Size
36
Median Age
43%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
1,108
Density / Sq Mi
$89,101
Median Household Income
$48,976
Median Earnings
$1,433
Median Rent
$341,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Second-generation bar/restaurant for sale in the retail corridor near major attractions, including Concord Mills Mall.
Where is this bar & pub located?
The property is located at 7731 Gateway Ln NW Concord, NC.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Second‑generation bar/restaurant available for sale; Located in the heart of a thriving retail corridor next to Concord Mills Mall and Charlotte Motor Speedway; Surrounded by retail and adjacent to Charlotte’s largest shopping trade area
