1090 Vinehaven NE Dr Concord, NC 28025-2438

Property Details for 1090 Vinehaven NE Dr

Year built

2004

Construction

WOOD

Lot size

0.60 lot acres

Property size

5,658 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

5622 87 4663

APU

5622874663

Description

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.

Location Insight

City

Concord

County

Cabarrus

State

North Carolina

Longitude

-80.5837

Latitude

35.4641

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments