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    FOR SALE
    Day care centers

    1951 Derita Rd, Concord, NC 28027

    15,343 SF 2.51 ac lot Built 1997
    Entity Owned 8-yr Hold
    Property ID
    US53-0554050
    Property summary
    AI-generated 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
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1997
    Construction STEEL FRAME
    Total area 15,343 SF
    Lot 2.51 ac (109,336 SF)
    Zoning code LI
    APN 4680 70 8273
    UPID US53-0554050
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Concord Children's Academy Daycare Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $375k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $710k
    Blend (final) Blend
    $540k
    Owner & transaction history
    Bb Club Ltd LLC · 8 yrs held
    Bb Club Ltd LLC
    since 2017
    4 recorded transactions
    2017
    2017
    $1.4M
    2009
    $850,000
    1969
    Zoning & alternative use
    LI · Concord, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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