4387 Motorsports Dr SW - Industrial FOR SALE


Concord, NC 28027
$2,150,000 USD
704-794-2294
4387 Motorsports Dr SW, Concord, NC for Sale
$2,150,000 USD
Industrial - FOR SALE
1/31
null | 6% Cap Rate

4387 Motorsports Dr SW
Concord, NC 28027


HIGHLIGHTS

  • Fresh 10-Year NNN Lease At Sale (6% Initial Cap)
  • 3% Annual Escalations
  • 2,000+SF Bonus Mezzanine

OVERVIEW

This 9,375-square-foot industrial property is offered at $2,150,000, representing a 6.00% cap rate, with a brand-new 10-year Triple Net lease executed at closing as part of a sale-leaseback transaction with Random Vandals Racing. The lease provides for 3% annual rent escalations, generating growing NOI throughout the term and delivering strong long-term yield on cost. The lease structure places day-to-day operational responsibility squarely on the tenant — including general maintenance, taxes, and insurance — while the landlord retains responsibility for roof and structural components. This division of obligations provides investors with a low-management income stream backed by a committed, owner-operator tenant with deep roots in the Concord motorsports corridor.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Random Vandals Racing Team

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

undefined, Distribution, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92

LAND SF

83,635

ZONING

I-1

APN/PARCEL ID

5518-66-2799-0000

ASK ABOUT THIS PROPERTY

Steven Tice, CCIMMortice Commercial Real EstateMore Info
704-794-2294

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Steven Tice, CCIMMortice Commercial Real EstateMore Info
704-794-2294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.