980-498-3293
8885 Christenbury Pky, Concord, NC for Sale
Retail - FOR SALE
1/4
null | Request Cap Rate

8885 Christenbury Pky
Concord, NC 28027


HIGHLIGHTS

  • GROCERY-ANCHORED REGIONAL SHOPPING CENTER WITH NATIONAL TENANCY
  • STABILIZED, 100% LEASED ASSET WITH DURABLE CASH FLOW
  • STRATEGIC LOCATION WITH HIGH TRAFFIC & VISIBILITY
  • IMMEDIATE VALUE-ADD OPPORTUNITY VIA OUTLET
  • STRONG TENANT MIX DRIVEN BY DAILY-NEEDS & SERVICE RETAIL
  • LONG-TERM ANCHOR STABILITY WITH CONTRACTUAL RENT GROWTH

OVERVIEW

Atlantic Capital Partners has been exclusively engaged to market Christenbury Corners, a premier grocery anchored neighborhood shopping center located in Concord, North Carolina within the Charlotte MSA. The property is strategically positioned at the signalized intersection of Christenbury Parkway and Derita Road, benefiting from combined traffic counts exceeding 40,000 vehicles per day and strong visibility within a dense, high growth suburban trade area. Christenbury Corners totals 120,689 square feet across 21.12 acres and is 100% leased to a curated mix of national and regional tenants. The center is anchored by Sprouts Farmers Market and Kohl’s, with a strong lineup of daily-needs and service-oriented tenants including restaurants, fitness, and necessity retail. The asset also features a complementary collection of high-performing outparcels, further enhancing traffic generation, cross shopping synergy, and diversified income streams. Developed in 2019 and recently refreshed, the property offers investors a modern, well-maintained retail environment with minimal near-term capital requirements. The offering provides investors with stable, in-place cash flow supported by a diversified rent roll and a weighted average lease term of approximately 8.8 years. In-place rents present mark-to-market upside, with several tenants operating below current market levels, providing embedded NOI growth potential through future lease rollover. Long-term anchor tenancy, contractual rent increases, and strong tenant demand within the submarket position the asset for continued income durability. Additionally, the property benefits from strong underlying real estate fundamentals driven by population growth, elevated household incomes, and sustained retail demand within the Concord submarket.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Christenbury Corners - Concord, NC

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

509

LAND DETAILS

LAND ACRES

21.12 AC

LAND SF

919,987 SF

ZONING

MX-CC2

APN/PARCEL ID

4589-35-1824-0000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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