316 George W Liles NW Pkwy, Concord, NC 28027-2406

This exceptional investment opportunity presents a fee-simple ownership of a 4,262 square foot Class A storefront, currently 100% occupied by Heartland Dental under a corporate-guaranteed net-net lease. Located at 316 George W Liles Pkwy, Concord, NC 28027, this property boasts a prime location in a high-income area of the Charlotte MSA, with an average household income exceeding $130,943 within a two-mile radius. The 10-year lease, commencing August 25, 2022, and expiring August 30, 2032, includes 10% rent bumps every five years, providing a built-in hedge against inflation. The property features 121 feet of road frontage, cross access to a lighted intersection, and excellent visibility. Its proximity to Harris Teeter and I-85 further enhances its desirability. The 1.35-acre lot houses a single-story building constructed in 2022, generating a strong NOI of $182,840 and a 5.85% cap rate. The lease includes four five-year renewal options. This investment is situated in a rapidly growing area, with a 33% population increase between 2010 and 2020 and a population of 108,000 within a five-mile radius. The property's location near several schools, including West Cabarrus High School, further contributes to its appeal. The asking price is $3,125,000. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving market.