Motorsports Drive Industrial
For Sale
Contact for pricing
Pending
4387 Motorsports Dr SW, Concord, NC 28027
9,375 SF industrial property with new 10-year lease.
Property Size9,375 SF
Days on Market153
Property Features for 4387 Motorsports Dr SW
General Information
Standard status
Pending
Size
9,375 SF
Class
B
Property subtype
Industrial
Zoning
I-1
Lease Type
NN
Investment Type
Sale/Leaseback
Building Details
Year Built
2004
Year Renovated
2021
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Mortice Commercial Real Estate
(704) 794-2294
Listed By:
Steven Tice, CCIM · License #NC 168957
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 25 at 12:51PM
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 Mortice Commercial Real Estate
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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
$89,777
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
4.18%
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%
$1,795,540
$1.8M
Cap Rate 7%
$1,282,529
$1.3M
Cap Rate 9%
$997,522
$997.5K
Market Conditions
NOI Build-Up for 9,375 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
$133.9K $14.28/SF
− Vacancy
−$5.6K −$0.60/SF
EGI
$128.3K $13.68/SF
− OpEx
−$38.5K −$4.10/SF
NOI
$89.8K $9.58/SF
Area
Concord, NC
Vacancy
4.20%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
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%
$1,795,540
Cap Rate 7%
$1,282,529
Cap Rate 9%
$997,522
Alternative Uses
Best Use
Industrial
$1.28M
$1.12M – $1.50M
NOI $89,777 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.55M
$2.24M – $2.98M
NOI $178,833 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
