7761 Gateway Ln NW | Concord, NC 28027
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- LoopNet Team
7761 Gateway Ln NW
Concord, NC 28027
Sonic Drive-In · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Annual Rental Increases - The Lease calls for 1.75% annual rental increases throughout the 20-year term.
- Phenomenal Retail Corridor - The Property is situated next to the 1.3M SF Concord Mills Regional Mall
- Newly Extended Long-Term Lease - The tenant recently extended its lease to a new 20-year term.
- Affluent, Growing Population - The 5-mile population of 156,337 growing at 2.06% annually, with an average income of $112,923
- Strong Traffic Counts - Visibility on Bruton Smith Blvd with 42,000 vehicles per day and is directly adjacent to I-85 with 123,000 vehicles per day.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,830 SF
Building Class
C
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.96 AC
Zoning
C-2 - Commercial
Parking
14 Spaces (7.65 Spaces per 1,000 SF Leased)
Frontage
164’ on Gateway Ln
AMENITIES
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 4599-02-0919-0000 | Improvements Assessment | $798,010 |
| Land Assessment | $1,881,800 | Total Assessment | $2,679,810 |
PROPERTY TAXES
Parcel Number
4599-02-0919-0000
Land Assessment
$1,881,800
Improvements Assessment
$798,010
Total Assessment
$2,679,810
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