High-Frontage C-2 Redevelopment
For Sale
Contact for pricing
Pending
286 Concord Pkwy S, Concord, NC 28025
C-2 zoned parcel with 150 feet of US-29 frontage and a 40,328 VPD count, suited for redevelopment.
Property Size1,812 SF
Lot Size0.52 Acres
Days on Market158
Property Features for 286 Concord Pkwy S
General Information
Standard status
Pending
Size
1,812 SF
Class
B
Lot size
0.52 Acres
Property subtype
Mixed Use, Retail
Zoning
C-2 — General Commercial
Investment Type
Redevelopment
Site & Location
Traffic Count
40,328 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1967
Buildings
1
Stories
1
Units
1
Listing Agency:
CK Select Real Estate
Listed By:
Kirk Hanson · License #235328
(704) 791-9469
Source:
Crexi
Added: Mar 31
Changed: Aug 21
Last Checked: Sep 1 at 8:07AM
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 CK Select Real Estate
Investment Insights
Based on property information with market context.
A prime C-2 redevelopment parcel offering 0.52 acres and 150 linear feet of frontage on US-29. The property includes an existing 1,288 SF structure that carries minimal value relative to the land, making it well suited for a demolish-and-build approach for a new commercial development.
Traffic counts are supported by NCDOT 2024, with 40,328 vehicles per day. The site is located in the City of Concord within an established retail corridor, immediately surrounded by prominent QSR and retail operators including McDonald’s, Chick-fil-A, Waffle House, Cook Out, KFC, Taco Bell, Burger King, AutoZone, Food Lion, and Big Lots.
With C-2 zoning, the City of Concord supports a broad range of commercial uses, including drive-through QSR and fuel/convenience-style concepts, as well as standalone medical/dental, financial services, and owner-user retail or service uses. NOI and tenant information are available upon request to qualified buyers, and buyers should conduct all due diligence.
Traffic counts are supported by NCDOT 2024, with 40,328 vehicles per day. The site is located in the City of Concord within an established retail corridor, immediately surrounded by prominent QSR and retail operators including McDonald’s, Chick-fil-A, Waffle House, Cook Out, KFC, Taco Bell, Burger King, AutoZone, Food Lion, and Big Lots.
With C-2 zoning, the City of Concord supports a broad range of commercial uses, including drive-through QSR and fuel/convenience-style concepts, as well as standalone medical/dental, financial services, and owner-user retail or service uses. NOI and tenant information are available upon request to qualified buyers, and buyers should conduct all due diligence.
Key Highlights
- 0.52‑acre C‑2 general commercial parcel with 150 ft of frontage on US‑29 in Concord
- NCDOT 2024 traffic count of 40,328 VPD on US‑29 provides strong exposure for redevelopment
- Existing 1,288 SF structure included; minimal value attributed to the land in the listing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$691,300
$691.3K
Cap Rate 7%
$493,786
$493.8K
Cap Rate 9%
$384,056
$384.1K
Market Conditions
NOI Build-Up for 1,812 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $27.00/SF
− Vacancy
−$2.8K −$1.57/SF
EGI
$46.1K $25.43/SF
− OpEx
−$11.5K −$6.36/SF
NOI
$34.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$691,300
Cap Rate 7%
$493,786
Cap Rate 9%
$384,056
Alternative Uses
Best Use
Specialty Retail
$493.8K
$432.1K – $576.1K
NOI $34,565 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$396.4K
$346.9K – $462.5K
NOI $27,751 @ 7.0% cap · market cap 3.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,328 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
277k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 27%
Superstores 10%
Groceries 9%
QuikTrip
Shops & Services
39,479 visits/mo
0.2 miles
McDonald's
Dining
29,102 visits/mo
0.3 miles
Big Lots
Superstores
27,321 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
26,177 visits/mo
0.3 miles
Cook Out
Dining
24,048 visits/mo
0.1 miles
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - C-2 zoned parcel with 150 feet of US-29 frontage and a 40,328 VPD count, suited for redevelopment.
Where is this commercial land located?
The property is located at 286 Concord Pkwy S Concord, NC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 0.52‑acre C‑2 general commercial parcel with 150 ft of frontage on US‑29 in Concord; NCDOT 2024 traffic count of 40,328 VPD on US‑29 provides strong exposure for redevelopment; Existing 1,288 SF structure included; minimal value attributed to the land in the listing
