316 George W Liles NW Pkwy Concord, NC 28027-2406
Property profile & analytics
316 George W Liles NW Pkwy Concord, NC 28027-2406
- Medical Office Space
- 4,389 SF
- 0.70 lot acres
Property ID
US53-3667299
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 316 George W Liles NW Pkwy
- Year built
- 2022
- Construction
- CONCRETE
- Lot size
- 0.70 lot acres
- Property size
- 4,389 SF
- Zone code
- C-1
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 5600 47 4870
- APU
- 5600474870
Description
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.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.6631
- Latitude
- 35.4086
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,950
$709,590
$992,260
$1,701,850
-
$709,590
$992,260
$1,701,850
