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4387 Motorsports Dr SW Concord, NC 28027

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For Sale
$2,150,000

9,375 SF industrial property with new 10-year lease.

Property size:
9,375 SF
Lot size:
1.92 Acres

Property Features for 4387 Motorsports Dr SW

General Information

Standard status
Active
Zoning
I-1
Size
9,375 SF
Lot size
1.92 Acres

Building Details

Year built
2004

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Listing Contact
Steven Tice, Ccim
Steven Tice, Ccim
Source: Crexi

Listing Agency: Mortice Commercial Real Estate Listing Agent: Steven Tice, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Motorsports Drive Industrial Property

This 9,375-square-foot industrial property is available for purchase. The property is subject to a brand-new 10-year Triple Net lease executed at closing as part of a sale-leaseback transaction with Random Vandals Racing. The lease provides for 3% annual rent escalations, generating growing NOI throughout the term. The lease structure places day-to-day operational responsibility squarely on the tenant, including general maintenance, taxes, and insurance, while the landlord retains responsibility for roof and structural components. This division of obligations provides investors with a low-management income stream backed by a committed, owner-operator tenant with deep roots in the Concord motorsports corridor.
Location Intelligence

Current Use by Public Records

Random Vandals Racing ... Auto Parts Store

Suggested Use

Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Department Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Concord
County
Cabarrus
State
North Carolina
Longitude
-80.6216868
Latitude
35.3517905

FAQs

What type of property is this?
Industrial property - 9,375 SF industrial property with new 10-year lease.
Where is this industrial property located?
The property is located at 4387 Motorsports Dr SW Concord, NC.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: - Brand-new 10-year Triple Net lease executed at closing with Random Vandals Racing.; - Offering a 6.00% cap rate at the price of $2,150,000.; - Features 3% annual rent escalations, generating growing NOI throughout the term.
More about this property
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