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Mona at Odell Corners Davidson Highway & Odell School Rd 9,990 SF 100% Leased Retail Building Concord, NC 28027 $7,220,662 CAD ($722.79 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Medical tenant with 7 year NNN lease and Dental tenant with 10 year NNN leasewith 10% escalations every 5 years.
- Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
- part of a 23 Acre master planned multi use development featuring 101 Pulte Townhomes alongside several residential developments
- High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years
- Odell Corners is located directly across from the W.R. Odell Elementary School rated in the top 5% of all public schools in North Carolina.
- Concord is just 30 minutes out from Charlotte that is home to 18 Fortune 500 companies.
EXECUTIVE SUMMARY
• Corporate-backed lease covers 80% and Personal Guaranty covers balance for medical and dental tenants
• Attractive yield with minimal operational risk. Built in 2024 with a corporate medical 7 year NNN lease and a dental 10 year NNN lease
• Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
• High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years.
• Mona at Odell Corners is part of a 23 acre master planned development and it is across from W.R. Odell Elementary School which is rated top 5% of all public schools in
North Carolina.
• Concord is the second largest city in Cabarrus County and is the County Seat.
• Attractive yield with minimal operational risk. Built in 2024 with a corporate medical 7 year NNN lease and a dental 10 year NNN lease
• Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
• High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years.
• Mona at Odell Corners is part of a 23 acre master planned development and it is across from W.R. Odell Elementary School which is rated top 5% of all public schools in
North Carolina.
• Concord is the second largest city in Cabarrus County and is the County Seat.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
9,990 SF
Building Class
B
Year Built
2024
Price
$7,220,662 CAD
Price Per SF
$722.79 CAD
Cap Rate
6.25%
NOI
$451,291 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.03 AC
Zoning
PUD - Planned Unit Development
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Action Behavior Center
- Health Care and Social Assistance
- 8,190 SF
- -
- Triple Net
- Feb 2032
- Odell Family Dentistry
- Health Care and Social Assistance
- 1,800 SF
- -
- Triple Net
- Jan 2035
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Action Behavior Center | Health Care and Social Assistance | 8,190 SF | - | Triple Net | Feb 2032 | |
| Odell Family Dentistry | Health Care and Social Assistance | 1,800 SF | - | Triple Net | Jan 2035 |
PROPERTY TAXES
| Parcel Number | 4681-59-7034-0000 | Improvements Assessment | $1,488,459 CAD |
| Land Assessment | $804,899 CAD | Total Assessment | $2,293,358 CAD |
PROPERTY TAXES
Parcel Number
4681-59-7034-0000
Land Assessment
$804,899 CAD
Improvements Assessment
$1,488,459 CAD
Total Assessment
$2,293,358 CAD
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Mona at Odell Corners | Davidson Highway & Odell School Rd
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