380 George W Liles NW Pkwy Concord, NC 28027-8216
Property profile & analytics
380 George W Liles NW Pkwy Concord, NC 28027-8216
- Drive through restaurants
- 2,915 SF
- 1.42 lot acres
Property ID
US53-2880861
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
- Drive through restaurants
Property Details for 380 George W Liles NW Pkwy
- Year built
- 2023
- Construction
- WOOD
- Lot size
- 1.42 lot acres
- Property size
- 2,915 SF
- Zone code
- C-2
- Property type
- Drive through restaurants
- APN
- 5601 30 3067
- APU
- 5601303067
Description
This fee-simple retail property offers a 2,365 square foot Starbucks, built in 2023, situated on a 1.42-acre lot with 20 parking spaces. The property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $152,000. The current lease, signed by Starbucks Corporation, is a 10-year Net Lease (NNN) agreement commencing January 29, 2024, and expiring January 28, 2034, with six 5-year renewal options. The lease includes a 10% rental increase every five years, providing built-in inflation protection. The property is located at 380 George W Liles Pkwy, Concord, NC 28027, in a high-traffic area with excellent visibility and proximity to major roadways, including Interstate-85. The location benefits from a strong demographic profile, with over 110,000 residents and an average household income exceeding $107,000 within a 5-mile radius. The property is zoned C-2 and features a double drive-thru. This investment opportunity presents a compelling combination of a strong tenant, a favorable lease structure, and a prime location, making it an ideal addition to any portfolio. The asking price is $2,895,000, representing a price per square foot of $1,224.10. The property is less than a mile from a Target-anchored shopping center with other national retailers. This is a limited-management opportunity due to the NNN lease structure.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Cabarrus
- State
- North Carolina
- Longitude
- -80.6669
- Latitude
- 35.4149
- 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
$23,541
$1,348,230
$1,015,350
$2,363,580
-
$1,348,230
$1,015,350
$2,363,580
