1260 Union St S - Drug Store FOR SALE
Concord, NC 28025 |
$3,050,000 USD
619-297-0055
1260 Union St S
Concord, NC 28025
HIGHLIGHTS
- According to Placer.ai, this location ranks in the top 20% of Walgreens stores in North Carolina with over 303,000 annual customer visits.
- CVS is responsible for 100% of all property expenses, offering investors true passive ownership with more than 10 years of lease term remaining.
- Concord’s population grew 10.9% from 2021 to 2022 and is projected to increase another 2.6% annually between 2024 and 2029.
- Recently completed “Novi at Concord” project added 300+ new apartments to Downtown Concord — a $20.3 million investment.
- Situated on a 2.55-acre site, the property provides ample parking, excellent visibility, and future redevelopment flexibility.
FOR SALE DETAILS
PRICE
$3,050,000 USD
PRICE/SF
$273 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NNN North Carolina CVS | 303K Annual Visits
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.55 AC
LAND SF
111,078 SF
ZONING
C
APN/PARCEL ID
5539-75-4974-0000
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619-297-0055
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619-297-0055
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