1070 Vinehaven Dr NE, Concord, NC 28025, USA

By Ryan Kinney | December 19, 2021

$ 7,226,181.00
5.5% Cap Rate

1070 Vinehaven Dr NE, Concord, NC 28025, USA
  • Property ID: 598
  • Post Updated: 2021-12-19 12:20:53
  • Date added: 12/19/21
  • Lot size: 2.32 acres
  • Year built: 2004
  • Status:
  • Type:
  • Square Feet: 14,720
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Description

– Purchase Price: $7,226,181
– 5.5% Cap Rate
– New 15 Year Initial Term
– 14,720 total Sq. Ft.
– C-2 Commercial zoning
– 2.32 Acres

This investment opportunity for medical office is conveniently located next to CMC Northeast Hospital and I-85.  Less than 1 mile from Walmart, Sams Club, Lowes, medical offices, banks, retail centers, gyms, and much more.  The current tenant (Cabarrus Gastroenterology Associates, PLLC) has a new 15 year initial lease term with three renewal options of 5 years each and 2.5% annual escalations through the term and options.

View on map / Neighborhood

This style property is located in Concord is currently and has been listed on Ryan Kinney. This property is listed at $ 7,226,181.00. It has bedrooms, bathrooms, and is . The property was built in 2004 year.
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