Historical Office Sale Listing - Triple Net Leased Headquarters Facility

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Triple Net Leased Headquarters Facility

555 MRN Drive, NW, Concord, NC 28027

N/A

24,783 SF | Office

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MRN Headquarters

Office Property - Off Market

Price:
N/A
Building Size:
24,783 SF
Property Type:
Office
Property Sub-type:
Office-Warehouse
Additional Sub-types:
Flex Space
Office Building
Office-Business Park
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.64%
Occupancy:
100%
Building Class:
A
Tenancy:
Single
Lot Size:
5.52 AC
Listing ID
17926585
Last Updated
over 1 year ago

Highlights

  • New 12 year net lease
  • 100% leased to Motor Racing Network (MRN)
  • Annual rental escalations beginning in year six
  • Extensive tenant-funded renovation in 2008
  • Includes excess land for future development or sale

Description

Cassidy Turley is pleased to present the opportunity to acquire the headquarters for Motor Racing Network (MRN). MRN is the primary source for NASCAR stock car racing and related radio programming. MRN recently extended its lease to 12 years with options to renew. This mission critical facility is 24,783 square feet and is on 5.52 acres of land. Excellent location near the Concord Regional Airport and Interstates 85 and 485 in western Cabarrus county just 25 minutes from uptown Charlotte.

This high quality building is located within the 66 acre Poplar Point Business Park located next to the Concord Regional Airport off of Poplar Tent Rd. in western Cararrus County. Conveniently located near Interstates 85 and 485.

Map of 555 MRN Drive, NW, Concord, NC 28027 (Cabarrus County)

Research for 555 MRN Drive, NW, Concord, NC 28027 (Cabarrus County)

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