Property summary
This exceptional 5,390 square foot medical office building, located at 1090 Vinehaven Dr NE in Concord, NC, presents a compelling investment opportunity. Built in 2004, the Class B property sits on a 0.6-acre lot and boasts a desirable C-2 zoning classification. Currently 100% occupied by Atrium Health Weight Management -Concord (a tenant since 2011), the building generates a strong net operating income (NOI) of $94,408, representing a 6.50% capitalization rate on the asking price of $1,452,500. The current lease expires in July 2026, however, negotiations are underway for an early lease extension through 2036, with renewal options and a potential shift to an absolute net lease structure. This long-term lease provides exceptional stability and predictable cash flow. The property features one story and is offered fee simple. This is a rare opportunity to acquire a well-located, high-performing medical office building with significant upside potential in a thriving market. The property's strong tenant history, favorable lease terms, and attractive cap rate make it an ideal addition to any investment portfolio. The Cabarrus County location and convenient access further enhance its appeal. The property's APN is 56228746630000.
Property profile
VerifiedCap rate & NOI
Current use
-
Weight Loss Service
-
Physician
-
Physician
-
Weight Loss Service Medical Clinic
-
Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Concord, NCThe C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-2 District is established to provide areas for general commercial activities designed to serve the community such as shopping centers, repair shops, wholesale businesses, and retail sales with limited outdoor displ…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Concord, NC.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.