1951 Derita Rd Concord, NC 28027
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14,590 SF Daycare, Net Lease, 7+ Years Remaining
Property size:
14,590 SFProperty Features for 1951 Derita Rd
General Information
- Property type
- Day care centers
- Square Feet
- 14,590 SF
- Lot Size
- 109,336 SF
Building Details
- Year Built
- 1997
- Buildings
- 1
- Stories
- 1
Listing Agency: Avison Young Charlotte Listing Agent: Chip Griffin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a ±14,590 square foot, single-tenant daycare center located at 1951 Derita Rd, Concord, NC, 28027. The property sits on a 2.51-acre lot and features 35 parking spaces. Currently operating at 100% occupancy since January 1, 2022, the daycare has a strong lease in place with a net lease structure and a remaining term of approximately 7.1 years. The lease commenced January 1, 2022, and includes a 10-year renewal option. Annual rent bumps are set at 1.8%. The building, constructed in 1997, is a single-story structure with LI zoning. Recent capital improvements include repaving and reconfiguration of the parking lot and access loop, minimizing future capital expenditures for the new owner. The daycare currently enrolls approximately 175 students and benefits from its convenient location near Concord Airport, Oakmont Business Parks, Concord Mills, and I-85, ensuring continued high demand. The property's parcel number is 4680-70-8273-0000. This presents a stable, long-term investment opportunity with a proven track record.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Concord Children's Academy
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.7183578
- Latitude
- 35.3869184
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FAQs
What type of property is this?
Day care center - 14,590 SF Daycare, Net Lease, 7+ Years Remaining
Where is this day care center located?
The property is located at 1951 Derita Rd Concord, NC.
What are key features of this property?
This property features: ±14,590 SF single-tenant daycare center on a 2.51-acre lot in Concord, NC.; 35 parking spaces and LI zoning.; 100% occupancy since January 1, 2022, with a strong, net lease (7.1 years remaining, 10-year renewal option, 1.8% annual rent bumps).