7731 Gateway Ln NW - Restaurant FOR SALE


Concord, NC 28027- Concord Mills
$4,000,000 USD
704-749-5727
7731 Gateway Ln NW, Concord, NC for Sale
$4,000,000 USD
Restaurant - FOR SALE
1/5
null | 5.71% Cap Rate

7731 Gateway Ln NW
Concord, NC 28027
Concord Mills


OVERVIEW

Investment Opportunity | +/- 8,188 SF Bar/Restaurant near Concord Mills Mall Michael Waltrip Taproom is available for sale in the heart of the thriving retail corridor next to Concord Mills Mall and Charlotte Motor Speedway. Surrounded by retail and adjacent to Charlotte’s largest shopping trade area, this site offers a great opportunity in one of Charlotte’s top, established growth markets. The bar/restaurant leases 8,188 SF with 12 years left on the lease with 5% annual increases, it has been very successful in this location.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$489 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Michael Waltrip Taproom

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

C-2

APN/PARCEL ID

4599-02-5564-0000

ASK ABOUT THIS PROPERTY

John HadleyThe Nichols Company, Inc.More Info
704-749-5727

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John HadleyThe Nichols Company, Inc.More Info
704-749-5727

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