Second-Generation Restaurant and
For Sale
Contact for pricing
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
Price / SF$488.52
Days on Market215
Property Features for 7731 Gateway Ln NW
General Information
Standard status
Active
Size
8,188 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
The Nichols Company
(704) 373-9797
Listed By:
John Hadley · License #267758
(704) 749-5727
Source:
Moodyscre
Added: Feb 5
Changed: Aug 22
Last Checked: Aug 14 at 8:04AM
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 = 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
$156,190
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
3.90%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
