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Random Vandals Racing Team 4387 Motorsports Dr SW 9,375 SF Industrial Building Concord, NC 28027 $2,919,958 CAD ($311.46 CAD/SF) 6% Cap Rate
Investment Highlights
- Fresh 10-Year NNN Lease At Sale (6% Initial Cap)
- 2,000+SF Bonus Mezzanine
- 3% Annual Escalations
Executive Summary
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.
Property Facts
Amenities
- Mezzanine
- Security System
- Skylights
- Reception
- Storage Space
- Recessed Lighting
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Arts, Entertainment, and Recreation
- -
- -
- -
Random Vandals Racing is a professional BMW customer sportscar racing team based in Concord, NC. Known as the most-spirited team in the paddock, they compete hard, never relent, and have a good time…all the time. Given that, their raccoon mascot, Gizmo, should be no surprise! Their story began when a few race enthusiasts crossed paths at a driving event in Las Vegas and decided to start a race team. What could go wrong? After a couple years of running as customers with other club racing programs, they stepped out on their own and set up shop in New Jersey, opening our first location in 2020. Their success in club endurance racing continued as we extended our streak of victories and podiums. In 2021, they made their professional racing debut in the SRO GT4 America Series with the BMW M4 GT4 (F82), finishing 3rd in the AM Driver’s Championship with Paul Sparta and Al Carter behind the wheel. From that moment on, there was no turning back!
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Arts, Entertainment, and Recreation | - | - | - |
Property Taxes
| Parcel Number | 5518-66-2799-0000 | Improvements Assessment | $1,392,589 CAD |
| Land Assessment | $402,723 CAD | Total Assessment | $1,795,312 CAD |
Property Taxes
Presented by
Random Vandals Racing Team | 4387 Motorsports Dr SW
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