5230 Poplar Tent Rd
Concord, NC 28027
Walgreens · Retail Property For Sale

The subject investment property is situated on Poplar Tent Road, which boasts average daily traffic counts exceeding 17,000 vehicles. Poplar Tent Road intersects with Interstate-85 and George W Liles Parkway, which bring an additional average of 132,000 and 28,000 vehicles into the immediate area per day, respectively. There are more than 30,499 individuals residing within a three-mile radius of the property and more than 92,915 individuals within a five-mile radius. This Walgreens property is situated in an affluent suburban community with an average household income of over $97,445 within a one-mile radius. The Walgreens property benefits from being well-positioned on the hard corner of a signalized intersection in a highly dense retail corridor consisting of national and local tenants, shopping centers, and universities all within close proximity of this property. Major national tenants include: Target, Publix, Food Lion, Walmart, Big Lots, Aldi, Tractor Supply Co, Harris Teeter, CVS Pharmacy, Dollar Tree, and Family Dollar among various others. This Walgreens also benefits from being situated within a 20-mile radius of several academic institutions. The most notable are Rowan-Cabarrus Community College and Central Piedmont Community College, which have a combined total enrollment exceeding 42,200 students. Carolinas Healthcare System Northeast, a 457-bed facility is one of the nation’s leading healthcare organizations and is located less then five miles from the subject property. Charlotte Douglas International Airport(CLT), the busiest airport in the North Carolina serves over 21,511,880 passengers annually and is located less than 25 miles from this Walgreens. Concord is the largest city and county seat of Cabarrus County. It is the second-largest city in the Charlotte Metropolitan Area and the eleventh-largest city in North Carolina. Concord has a diverse economy comprising shipping and transportation, banking, manufacturing, motorsports, and various service sectors. In fact, in 2015 Concord was ranked as the city with the 16th-fastest growing economy in the U.S. The city has many small businesses and several large employers such as Atrium Health, Cabarrus County Schools, Shoe Show, Inc., Celgar LLC, Connextions, Roush Fenway Racing, Sysco Foods, S & D Coffee, and Motor Racing Network. ACN Inc and Windshear, Inc are also headquartered in Concord. Concord is the home to some of North Carolina's top tourist destinations, including NASCAR's Charlotte Motor Speedway and Concord Mills. The Carolina Renaissance Festival is one of the largest Renaissance festivals in the country and is held annually on Saturdays and Sundays in October and November, bringing in more then 195,000 people each year.