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Michael Waltrip Taproom 7731 Gateway Ln NW 8,188 SF Retail Building Concord, NC 28027 $4,000,000 ($488.52/SF) 5.71% Cap Rate
EXECUTIVE SUMMARY
Michael Waltrip Taproom is available for sale in the heart of the thriving retail corridor next to Concord Mills Mall and Charlotte Motor Speedway. Surrounded by retail and adjacent to Charlotte’s largest shopping trade area, this site offers a great opportunity in one of Charlotte’s top, established growth markets. The bar/restaurant leases 8,188 SF with 12 years left on the lease with 5% annual increases, it has been very successful in this location.
PROPERTY FACTS
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Manufacturing
- -
- -
- -
Michael Waltrip Brewing Company got its start as an idea among three buddies. While on a trip to Napa Valley the guys were wondering amongst themselves, why is it we don’t drink as much beer as we used to. The answer was that while they liked the idea of craft beer, they hadn’t found craft styles that they enjoyed. This conversation sparked the idea that maybe they should embark on a journey to produce beer that they could love– delicious, light, and easy to drink with great flavor. So, on a handshake in 2018, the guys informally created what would later become Michael Waltrip Brewing, and started working with a brewmaster to develop their first beer. Two-Time Blonde Ale became the company’s first recipe and is a beer that is still brewed today.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Manufacturing | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4599-02-5564-0000 | Improvements Assessment | $1,191,880 |
| Land Assessment | $1,484,850 | Total Assessment | $2,676,730 |
PROPERTY TAXES
Presented by
Michael Waltrip Taproom | 7731 Gateway Ln NW
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