Second-Generation Restaurant and
7731 Gateway Ln NW Concord, NC 28027
For Sale
Contact for pricing
Second-generation bar/restaurant for sale in the retail corridor near major attractions, including Concord Mills Mall.
Property Size8,188 SF
Price / SF$488.52
Days on Market169
Property Features for 7731 Gateway Ln NW
General Information
- Standard status
- Active
- Size
- 8,188 SF
- Property subtype
- RETAIL
Listing Agency:
The Nichols Company
(704) 749-5727
Listed By:
John Hadley · License #267758
Source:
Moodyscre
Added: Feb 5
Changed: Jul 23
Last Checked: Jul 23 at 12:26PM
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.1k | $27.00 |
| − Vacancy | −$12.8k | −$1.57 |
| EGI | $208.3k | $25.43 |
| − OpEx | −$52.1k | −$6.36 |
| NOI | $156.2k | $19.08 |
8,188 SF · lease $27.00/SF/yr · vacancy 5.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
charlotte motor speedway
Gym & Fitness Center
Michael Waltrip's Taphouse
Bar & Pub
Michael Waltrip Taproom
Bar & Pub
Similar Off Market Nearby
- Michael Waltrip's Taphouse — 7731 Gateway Ln NW, Concord, NC 28027
- Bawarchi Indian Grill & Bar — 10099 Weddington Rd, Charlotte, NC 28027
- Carrabba's Italian Grill — 7900 Lyles Ln NW, Concord, NC 28027
- Michael Waltrip Taproom — 7731 Gateway Ln NW, Concord, NC 28027
- xzc — 7771 gateway ln nw, concord, nc 28027
FAQs
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
