This Office Property is Off-Market.

555 MRN Drive, NW
Concord, NC 28027 ·

24,783 SF · Office For Sale

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Triple Net Leased Headquarters Facility

Price N/A Cap Rate 7.64%
Building Size 24,783 SF Occupancy 100%
Property Type Office Building Class A
Property Sub-type
Office-Warehouse
More...
  • Flex Space
  • Office Building
  • Office-Business Park
Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 5.52 AC
Listing ID: 17926585 Date Created: 11/26/2012 Last Updated: 04/17/2013

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.

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

Research

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

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