1951 Derita Rd Concord, NC 28027
- Day care centers
- 15,343 SF
- 2.51 lot acres
Current Use by Public Records
- Concord Children's Academy / Day Care Center
Property Details for 1951 Derita Rd
- Year built
- 1997
- Construction
- STEEL FRAME
- Lot size
- 2.51 lot acres
- Property size
- 15,343 SF
- Zone code
- LI
- Property type
- Day care centers
- APN
- 4680 70 8273
- APU
- 4680708273
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.7184
- Latitude
- 35.387
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
